View more on these topics

OFT warns estate agents to comply with HIPs

The Office of Fair Trading has warned estate agents that a failure to comply with the new Home Information Packs regulations could result in a ban from estate agency work.

From August 1 all homes for sale with four or more bedrooms in England and Wales will need a HIP with details of the property title, energy performance, planning permissions and searches for prospective buyers. Under the Estate Agents Act and HIPs regulations, the OFT has the power to assess whether an estate agent is fit to practise.

The OFT can impose a ban on an estate agent found to be in breach of the act and can also issue a warning order. Once a warning order has been issued, if the agent continues to breach the act, the OFT can make a prohibition order banning the agent from practising as an estate agent in the future.

OFT head of consumer protection Mike Haley says: ‘The new HIPs come into force tomorrow and it is important that agents are aware of their obligations and the possible consequences if they fail to comply. If an agent fails to comply, this could trigger an investigation into an agent’s fitness to continue estate agency work.’


PFS will stick to its knitting on RDR

The Personal Finance Society has pledged to “stick to its knitting” and keep out of the controversial retail distribution review debates around remuneration and capital adequacy.Chief executive Tim Eadon says the PFS is actively engaging members on the issue of improving professionalism but has decided to stay out of other areas of the review.Eadon says […]

Towry chief rejects call to join Aifa taskforce

JS&P Towry Law chief executive Andrew Fisher has spurned Aifa’s invitation to join its Future of Advice taskforce as he “fundamentally disagrees” with its objectives.Fisher says he was asked by Aifa director general Chris Cummings to join the taskforce of major advice industry names which will draw up a “manifesto of advice” this year to […]

RBSIP launches two-year fixed rate mortgage at 5.85 per cent

Royal Bank of Scotland Intermediary Partners has launched a two year fixed rate remortgage product under its First Active brand.The product will have an initial rate of 5.85 per cent and will only be available online from The arrangement fee is £699 that can be added to the loan.RBS director of intermediary mortgages Chris […]

Responsibility Matters

The latest update from the Sustainable Investments Team at Royal London Asset Management, Responsibility Matters, is now available. In this edition the team look at issues such as the growing acceptance of sustainable investing and technology in China. Read the update here: The value of investments and the income from them is not guaranteed and […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm