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United Group reassures mortgage brokers Hips will not threaten business

The United Group is encouraging mortgage brokers to start making plans for the launch of home information packs and not feel threatened by them.

Concern has been expressed that brokers could be sidelined by HIP providers, who could offer clients a mortgage proposition at the time of arranging a HIP.

The Association of Mortgage Intermediaries has, for example, recently urged mortgage brokers to seriously consider how they will prepare their business for HIP implementation. With many firms focussed squarely on FSA regulation, it has warned firms to monitor the HIP plans just as closely.

Sales director Alan Dring says: I know from anecdotal feedback from brokers that HIPS are not yet on their radar screens. When I ask why not they tell me its because they do not yet know enough about the range of HIPS services which will be available to them. I can confirm that the United Group, owners of eConveyancer, will be providing a comprehensive HIPS solution which brokers will be able to sell to their clients. We will be announcing full details during the first part of 2006, but I encourage brokers to start thinking in

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