Marlborough Stirling says the introduction of home information packs is only a part solution to the problems that dog the home buying process.
Mortgage consultant Nik Halton says: “HIPs should speed up the house buying process and make it easier for consumers. However, it is doubtful as to whether they will go far enough. There are still too many 'weak points' within the mortgage supply chain that could be automated in order to speed up mortgage applications. Utilising straight through processing technology and workflow solutions to streamline these applications is essential to ensuring consumers see an obvious return on their investment in HIPs.”