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Get Hip to the opportunities

I was interested to read the survey from the Association of Mortgage Intermediaries regarding intermediaries’ views on home information packs.

With 68 per cent of the AMI’s members considering the impact of Hips on their business, it intrigued me how only 7 per cent are planning to produce Hips in-house while 46 per cent plan to white-label third-party packs.

I believe mortgage intermediaries are underestimating the commercial potential surrounding Hips and should perhaps consider ways in which they too can offer Hip packages and services when the initiative commences in June 2007.

There are businesses offering immediate access to online systems that gather all elements of the Hip via a web browser. Users can download exactly what is needed and Hips can be collated, adding additional value-added services or marketing material. At Quest, our technology has been in place for some time and allows all links in the property chain to create their own-branded Hips at the touch of a button. It really is very simple to become involved.

I am encouraging mortgage brokers to review the options available to them now and perhaps consider ways in which they can work with solicitors, estate agents and home inspectors to offer a complete one-stop Hip service to consumers in their local area. By having the right technology and the right partnerships, intermediaries will be well placed to take advantage of the many opportunities arising from Hips.

Tom Parker

Managing director,

Quest Associates,

Bracknell, Berkshire


‘Six million workers set to lose out under NPSS’

Six million company pension scheme members face a cut in their benefits under the proposed national pension savings scheme. Research from Axa has found that 34 per cent of employers which contribute 3 per cent or more to a company scheme will consider reducing contributions to 3 per cent if the NPSS is introduced. Forty-nine […]

HSBC says 20% could save 3k with PTA

HSBC has moved into pension term assurance and says at least 20 per cent of its existing standard policyholders could benefit by switching over. It is the first bank to launch into this sector and will initially offer products on level and decreasing term but only on a single-life plan basis. The product will offer […]

NS&I ad branded misleading

Aire Valley IFA Malcolm Guy has called on the FSA to intervene over a National Savings & Investments advertising campaign which he claims is misleading. Guy says the ad’s pledge that the NS&I guaranteed equity bond will “genuinely outperform any growth in the FTSE 100 index” should be removed. He says the final figure used […]

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Fit for Work: guidance for employers published

On Friday, the Department for Work and Pensions published its guidance for employers on using the new Fit for Work (FfW) service to help ill employees return to the workplace. It also includes more details on the tax exemption for medical interventions that commenced on 1 January 2015.


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