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

First time buyers receive Hips clarification

12-Jun-2007

First time buyers have been informed of the schedule regarding the implementation of Home information packs (Hips) following an initial postponement last month.

The packs were due to be introduced on June 1st, but will now be phased in for homes with four bedrooms or more on August 1st, with three-bedroom and all other properties becoming eligible once enough energy assessors have finished their training periods.

"Hips and EPCs [Energy performance certificates] will provide an opportunity to make real progress on transforming the home buying and selling process in the interests of consumers and the environment. The approach outlined today will phase in the introduction of Hips and EPCs while making early carbon savings from homes," commented secretary of state for communities and local government Ruth Kelly.

However, the National Association of Estate Agents (NAEA) has criticised the new proposals.

"The NAEA continues to be dismayed that despite criticism of the proposals from Parliament, the industry, the media and the public, the CLG is continuing to push forward with these ill-thought out proposals," commented NAEA chief executive Peter Bolton King.

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