The Association of Mortgage Intermediaries (Ami) has launched a factsheet on home information packs.
'Home Information Packs Update' - has been prepared as a briefing on the recent developments on the schedule, contents and delivery of the government’s Hip initiative.
The factsheet is a follow-up to Ami’s November 2005 factsheet and is designed to provide members with information on the recent changes announced by the government, how this affects the delivery of Hips and areas for members to consider as they develop and implement their own plans for Hips within their businesses.
The factsheet covers:
Rob Griffiths, associate director at Ami, says: “There has been a large amount of media coverage on recent announcements regarding the implementation, content and cost of Hips with some reports even suggesting that the packs have been shelved in their entirety. This is not the case. The decision to make the Home Condition Report an authorised rather than a required document in the pack does not alter the need for intermediaries to fully engage with the introduction of Hips.”
Griffiths says it is iimportant that mortgage intermediaries continue to be informed about the possible impact Hips could have on their businesses adding clients will be looking to intermediaries for information and guidance when they come into force in June next year.
Ami’s ‘Hips Update’ factsheet is available to all members from the Association’s website.
If you have any comments you would like to add to this story or would like to speak to its author about a similar subject, telephone Matthew West on 020 7484 9893 or email [email protected].
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