Mortgage Advice for First Time Buyers, First Time Buyer Mortgages and First Mortgage Advice

Feedback suggests support for Hips

15-Jan-2007

Early feedback from the launch of Home Information Packs (Hips) suggests that first time buyers and repeat purchasers may be welcoming the move.

Initially launched across six locations by the Association of Home Information Pack Providers (AHIPP), the trial of Hips suggests strong consumer support and may benefit first time buyers looking for reassurance about their prospective new home.

According to AHIPP, early reports suggest that over 700 new packs have been commissioned so far since November.

Find out more about the house-buying process including stamp duty, home information packs and conveyancing click here.

"We are delighted to be offering our consumers an opportunity to sample the packs ahead of their mandatory introduction next June," said Kit Johnson, director of Kit Johnson Residential in Bath.

"We hope it will make the whole buying and selling process more transparent, helping to speed up transactions which is what the consumer wants," he added.

Before the full introduction of Hips in June, the trial is to be extended to a further 12 locations across the UK.

Founded in 2005, AHIPP was established in order to represent the organisations that will be a central pillar of the new Hips programme.

Article Options:

Email this article to a friend

Get updates from our RSS Feed

Post this article to:

del.icio.us

Digg

Reddit

2012: Feb | Jan

2011: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2010: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2009: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2008: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2007: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2006: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2005: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar


Free e-Bulletin

News and Offers for First Time Buyers

Register

There's alot going on! What do you think?

Interest rates are low but could rise? Is this a good time to buy?

Yes
No

Varialbe rate mortgages go up if bank interest rates do. Which is your preference?

Fixed Rate
Variable rate

Interest only mortgages are cheaper but in the end you don't end up owning the property. Which is better?

Interest Only
Repayment

House prices are waivering. Do you think this is a good time to buy?

Yes
No

Shared equity mortgages allow you to buy a new home with 5% deposit and an equity loan through FirstBuy. What do you think?

Too complicated
Too expensive
Too risky

Rent to buy allows you to peg a property price, save towards a deposit and pay reduced rent. What do you think?

Works best in a rising market
Too complicated
Good option