TITLE

Moving is costly enough without HIPs

AUTHOR(S)
Kassam, Isabelle
PUB. DATE
July 2006
SOURCE
Mortgage Strategy;7/3/2006, p29
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses the implications of the introduction of Home Information Packs (HIP) in Great Britain. The economic modeling conducted by the Oxford Economic Forecasting, predicted that if housing transactions fell by a quarter because homeowners were put off selling by HIP, this would result cause unemployment to rise, gross domestic product to fall, consumer spending to decline, and net revenues to the government to dive. Some mortgage industry experts suggest making HIP voluntary, but this would affect companies that have already prepared themselves to be HIP providers.
ACCESSION #
21698967

 

Related Articles

  • Seller Financing Is the Last Resort--with Good Reason. Sichelman, Lew // National Mortgage News;8/27/2007, Vol. 31 Issue 47, p6 

    The article discusses the application of seller financing scheme in the housing market in the U.S. Several seller financial strategies for managing timely fees and funding are cited, which include higher interest rates, shorter loan length and allowing sellers of selling the loan without...

  • Should sub-prime lenders do more to help over-indebted borrowers? Armstrong, Alison; Knight, Jeff // Mortgage Strategy;7/3/2006, p27 

    The article discusses whether sub-prime mortgage lenders do more help to over-indebted borrowers. Sub-prime lenders and brokers should act professionally and adhere the principles of affordability, attitude to risk, and suitability of product and do not just focus on their own commercial zones....

  • Government must get behind HIPs. Gallagher, Rosemary // Mortgage Strategy;7/3/2006, p31 

    The article calls on the government to make its commitment to Home Information Packs (HIP) clear and do a better job of getting the public to support them. GMAC-RFC has commissioned the Oxford Economic Forecasting to carry out modeling aimed to cut political divide over HIP issue. The research...

  • Exit fees should be judged case by case. Biddle, Simon // Mortgage Strategy;7/3/2006, p34 

    The article discusses exit fees charged for the closure of mortgage accounts in Great Britain. Some lenders chose to play catch-up with exit fees, which causes significant hikes in what customers pay. Solutions to resolve the exit fees issue include linking fees to the Retail Price Index and...

  • The bickering over HIPs must stop. Dring, Alan // Mortgage Strategy;7/3/2006, p37 

    The article discusses the political debate over Great Britain's Home Information Packs (HIP). Housing Minister Yvettes Cooper has accused her shadow counterpart Michael Grove of becoming a spokesperson of the National Association of Estate Agents, which rejects the HIP. An increasing number of...

  • HOUSING FINANCE BY THE COMMERCIAL BANKS IN INDIA : GROWTH, CHALLENGES AND PROSPECTS. Benipal, Jagpal Singh // Global Conference on Business & Finance Proceedings;Jan2012, Vol. 7 Issue 1, p360 

    According to the Ministry of Urban Development and Poverty Alleviation, the shortage in housing in the country's urban areas numbered 24.71 million in 2007. India will face shortage of over 26 million houses by 2012. Demand for residential houses is rising sharply because of growing young...

  • First aid. Monks, Helen // Money Marketing;3/30/2006, p68 

    The article reports on how mortgage lenders are developing specialist products to help first-time home buyers in Great Britain. It first enumerates the factors affecting first-time buyers' decision to buy their first home and then enumerates the various products to encourage first-time...

  • Local quirks paint a different picture.  // Mortgage Strategy;6/11/2012, p013 

    The article reports on the significant differences in the mortgage markets in Great Britain in 2012, particularly between Wales, Scotland and Northern Ireland. It states that most parts of Great Britain are consistent with about 42% of purchases in the region made by first-time buyers in the...

  • Hungary: Market forces kick in. Toth, Marianna // Mortgage Strategy;5/8/2006, p73 

    The article focuses on the housing market in Hungary. After a slow period in the 1990s, the housing market in Hungary has been looking out for a renewed inspiration. The country is now seeing a turnaround and with the introduction of a housing subsidy scheme and a surge in construction, things...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics