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Parliamentary summit looks at home packs

Mortgage and property industry representatives were brought together with members of the Houses of Commons and Lords last week in a meeting hosted by the National Association of Estate Agents which looked at the Government&#39s controversial home information packs.

The meeting was chaired by Labour peer Lord Corbett and views were heard from the CML, the Law Society, the Royal Institution of Chartered Surveyors, the Consumers&#39 Association and the NAEA.

Which? senior campaign manager Emma Harrison gave unequivocal support to Hips because she believes they would result in fewer failed transactions.

NAEA chief executive Peter Bolton King said although the association supports any legislation that would improve the buying and selling process, marketing of homes would not be allowed without a pack in place which is a process that could take days or weeks.

NAEA president Melfyn Williams says: “I was encouraged that senior representatives of the House of Lords could clearly see the many practical difficulties that need to be tackled before HIPs can become workable and I trust that these issues will be addressed as the bill progresses through its legislative stages.”


Bristol & West – 4.89% Easyflex Offset Capped Mortgage

Type: Capped-rate offset tracker mortgage Tracker term: Lifetime of loan Tracker rate: 0.89% above Bank of England base rate Payable rate: 4.89% Capped term: Until June 30, 2006 Capped rate: 5.89% Minimum loan: £25,001 Maximum loan: Up to 90% of valuation subject to a maximum of £500,000, up to 75% of valuation subject to a […]

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Porteous dismisses claims on price levels

Growing concerns that house prices are nearing unsustainable levels have been rubbished by RBS senior economist Stuart Porteous. Porteous&#39 claims go against those made by several fund managers and analysts, who expect to see a dramatic crash in the housing market in the next two years. Before we witness a dramatic decline in the UK […]

CII Publish April Examination Results

The CII has announced its results for the April exam session, revealing that 618 advisers have passed its savings and investments exam and 264 have completed the financial administration foundation certificate. The CII has also recently received QCA accreditations for its certificate in financial accreditation. In total, 334 candidates have completed their exam requirements for […]


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