You are here: Home - Uncategorized -

Ministers under fire for endorsing ‘wrong’ HIP operations

0
Written by:
20/03/2007

Legal experts and property professionals have attacked the Government for failing to take their concerns about the introduction of Home Information Packs (HIPs) seriously enough.

A group including the Council of Mortgage Lenders (CML) and the Law Society reported that ministers had refused to see them to discuss the controversial plan and to listen to their serious concerns about the “seriously flawed” product.

“In their current format, HIPs will prove to be ineffective and vastly impractical,” said Charles Smailes, president of the National Association of Estate Agents. “I once again urge the Government to work with the stakeholders and take note of our very real concerns.”

An Essex-based estate agent who asked not to be named also said that the HIPs proposal was “wrong” and would lead to far more problems than it would solve.

The Government believes that HIPs will speed up the property sales process and a pro-HIPs group urged it to press on with the measure despite the objections.

“Calls from those who wish to see delays should be ignored by ministers, who should feel confident in delivering this consumer and environmental reform on 1st June,” said Mike Ockenden, director-general of the Association of Home Information Pack Providers.

 

 

 

Tagged:

Tag Box

Debt

Pension

Spending

Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
Accident-prone young motorists face big insurance woes

Insurance premiums for young people could soon become unaffordable as the accident rates are so high amongst 15-25-year-olds, according to...

Close