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HIPs dry run attacked

The government’s dry-run of Home Information Packs this week through a joint initiative from the Department for Communities and Local Government and the Association of Home Information Pack Providers has come under criticism.

Trevor Kent, former president of The National Association of Estate Agents, says: “Despite the fact that the intended roll-out of mandatory HIPs will cover the whole of England and Wales from June 2007. Only six relatively prosperous towns in England have been selected, and even in these only a few convenient postcodes have been identified for trial.

“For the launch of the HIP dry run in Northampton, nearly two hundred attendees accepted the government’s wine and finger buffet as far as I could see. All but a handful appeared to be HIP providers, Home Inspectors and conveyancers, all of which are potential big earners from HIPs.

“Only a dozen or so estate agents, whom the DCLGare relying on to serve up the guinea pig sellers on a plate, identified themselves at the meeting. Agents will not co-operate with the government in a trial of what they believe to be nonsense legislation, especially when they’ve already seen one climb-down with the withdrawal of Home Condition Reports from the Packs.”


Personal insolvencies hit record levels in UK

Accountancy firm KPMG says insolvency figures released today reveal a record number of personal insolvencies in the UK.The figures reveal that 98,255 people went into bankruptcy or entered into an Individual Voluntary Arrangement in the 12 months to the end of September. IVAs are the increasingly popular alternative to bankruptcy and the number of people […]

The Finance Planning Group adopts new style

The Finance Planning Group has adopted a new style after months of planning and development with an overall objective to grow business for all areas of the group.The new corporate identity combined with an integrated marketing plan is set to assist the long term growth of the company. It provides a platform to increase awareness […]

Bank of England increases interest rate to 5%

The Bank of England’s Monetary Policy Committee has increased UK interest rates to a five-year high of 5%, up from 4.75%.Matthew Wyles, group development director at Portman, says: “This rate increase was a racing certainty and has already been factored into the pricing of most fixed rate mortgage products. “It’s clear that the MPC intends […]

Freedom launches exclusive product for AMPD

Freedom Lending has launched a near prime two-year discount self-cert mortgage exclusively via the Alliance of Mortgage Packagers and Distributors.The product has a two-year discounted rate with rates starting from 5.58%, self-cert up to 90% LTV, and no Higher Lending Charge. It allows £1,000 of CCJ’s in last two-years.Mel Dring, director of marketing at Freedom […]


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