View more on these topics

Which? says Hips will save 1m a day

Home information packs could save 1m a day being wasted on failed property transactions, says Which?

It estimates that 350m a year is wasted as more than 30 per cent of transactions fall through. Two-fifths of failures result from surveys or valuation inspections that find fault with the property.

Which? believes that Hips should cost around 600 and will cover much of the work done by conveyancers.

Author of the Which? research Kate Faulkner says: “The Hip ought to make buying property a more efficient process and reduce the astonishing failure rate that means a third of accepted offers come to nothing.”

In an early day motion in the House of Commons, Tory backbencher Michael Gove expressed concern over the costs of Hips, which he said could reach 1,000 and discourage people from selling.

Gove said: “There is a new consensus on the need to increase housing supply and help first-time buyers. It would be a tragedy if that new consensus were disrupted by the introduction of an ill-thought-through intervention in the market.”


Jupiter could float as staff get incentives

Jupiter Asset Management’s owner Commerzbank says it will decide whether to float the firm on the London Stock Exchange by the end of the year. City estimates value Jupiter at 1bn although both sides stress no decision has been made. Jupiter recently put in place a long-term incentive scheme for key managers, echoing Gartmore’s lock-in […]

Burn-Anderson multi-tie flops but profits soar

Burns-Anderson has posted a 500 per cent increase in profits but says take-up of its new multi-tie proposition has been negligible. The Bristolnetwork says it made a profit of 325,714 in 2005, up from 52,854 the previous year. Chief executive Mike Hughes says the company will now begin to concentrate on developing its wrap proposition […]

Capita sets sights on Mediquote service

Capita is lining up a bid for Sirius’s private medical insurance quotation service Mediquote, Money Marketing understands. The move would expand the adviser services offered by the outsourcing giant after its recent acquisitions of adviser portal Webline and back-office provider Quay Software. Capita is thought to be carrying out due diligence on the system, which […]

Partnership Home Loans live on Exweb’s equity release service

Partnership Home Loans has become the 15th provider to join The Exchange’s online equity release quotation service on its Exweb portal.The provider is a sister company of Partnership Assurance offering a medically written impaired-life equity release plan.Partnership Home loans chief financial officer Steve Groves says: “We anticipate our new product having a significant positive impact […]


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