Brokers fear estate agents will take Hip business

Ami says 88% of mortgage brokers in its most recent census think estate agents will corner the Hip market a year ahead of the proposed introduction of the packs. Ami members were asked how they anticipated meeting clients’ demand for Hips with 7% saying they would produce Hips in-house while 46% said the would white-label third-party packs and 16% said they would establish ties with estate agents. A further 26% said they would not offer access to Hips. Ami fear there are unintended consequences that can be associated with the implementation of Hips, including the potential for some pro...