HIPs scrapped but FTB stamp duty moves fall short

Published on

The new government has suspended Home Information Packs (HIPs) with immediate effect.

However, the energy performance certificate (EPC) will remain, being a requirement under EU law.

Lee Watts, managing director of Kinleigh Folkard & Hayward, was ‘delighted by the decision, calling it “long overdue.”” He added: “”[HIPs] were ill conceived and badly implemented and only served to increase the cost to sellers of moving home and deter some homeowners from putting their houses up for sale.””

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

WIS Mortgages sets out five-year adviser growth strategy

WIS Mortgages has announced a five-year growth plan centred on expanding its adviser community...

Nivo targets specialist lenders with AI-powered case management service

Nivo has launched an AI case coordination platform aimed at helping specialist lenders process...

New Leaf Network extends Twenty7tec technology agreement

New Leaf Network has agreed a further three-year partnership with Twenty7tec, retaining the technology...

HTB provides £9.8m funding for North West property portfolio

Hampshire Trust Bank (HTB) has refinanced a portfolio of 40 properties in the North...

Mortgage brokers have little to fear from AI, says Mortgageforce boss

Mortgage brokers should embrace artificial intelligence rather than fear it will ultimately replace them,...

Latest publication

Other news

The FCA protection market study shouldn’t ignore redundancy

Considering a third of employers are likely to implement staff redundancies by January 2027,...

WIS Mortgages sets out five-year adviser growth strategy

WIS Mortgages has announced a five-year growth plan centred on expanding its adviser community...

Nivo targets specialist lenders with AI-powered case management service

Nivo has launched an AI case coordination platform aimed at helping specialist lenders process...