Ami hits out at danger posed by Hips

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The Association of Mortgage Intermediaries has launched a scathing attack on the introduction of home information packs, arguing they will be difficult to police and could be an obstacle to professional impartial advice.

The attack comes as part of its response to the Office of the Deputy Prime Minister’s (ODPM) consultation on the introduction of hips, due to be launched in 2007. Fay Goddard, deputy director general of Ami, says: "In principle, Ami supports the objectives of the home information pack but as the consultation process has progressed, there is increased concern from our members of the unintended consequences that the introduction of Hips may have on both consumers and the mortgage intermediary sector.“ Goddard says hips could lead to a reduction in consumer access to professional advice and...

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