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03/01/2008 - Hips delay blamed on
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Re-mortgaging is when you transfer your outstanding mortgage
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The two main motivations for re-mortgaging your home is
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Mortgages - Stamp DutyWhat is stamp dutyHow do I pay
itIs there no way I can avoid paying stamp
dutyWhat is stamp duty
Stamp duty is considered by many to be a hugely unfair tax
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You will need to pay it within 30 days of purchasing a
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If you buy a property in what is called a
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Hips delay blamed on government - 03/01/2008 Paragon:
Buy to let will grow this year - 03/01/2008 2007 s cheapest
interest-only mortgages revealed - 02/01/2008
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03/01/2008 - Hips delay blamed on government. The
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Mortgages - Hips delay blamed on government -
03/01/2008
The government s delay in its nationwide introduction of
Home Information Packs (Hips) was not economically motivated
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Hips were introduced last year in stages - becoming
mandatory in larger properties first, before being rolled out
to all homes. The Communities and Local Government (CLG)
committee said in their report that criticism of Hips led to a
failure of nerve from the government caused by the
apparent unpopularity of the reforms. At the time, the
government officially put down the delay due to many people set
to compile the new Hips not having had enough training. citi credit monitoring service
However, CLG committee chairperson Dr Phyllis Starkey MP
said: It is clear that the reasons for this [delay] lie
in poor preparation and a retreat by the department s
ministerial team. The current legal requirement for every
home in the UK to be sold with a Hip affects every new mortgage
purchased in the country, including adverse mortgages. credit plus service union
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Related News HBOS lists housing hotspots
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government - 19/12/2007 credit farm service
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Mortgages - Paragon: Buy to let will grow this year -
03/01/2008
The buy to let sector will enjoy continuing growth this
year, Paragon Mortgages has predicted. credit service tax
Tenant demand, rising rents and confidence among landlord
buyers will all shore up the sector despite economic
conditions, the buy to let specialists claimed. Paragon s
comments follow a series of gloomy housing market reports from
analysts at Rics and Halifax, among others, over the past
month. The lender expects the buy to let market to represent 15
per cent of new mortgages by the end of the year - a three per
cent increase over the last report. aeon credit service
A Paragon spokesman commented: We expect 2008 to be a
really strong year for rental demand, presenting plenty of
opportunities for established buy-to-let landlords as well as
well briefed new entrants to the market. credit one service union
For Paragon, the weakening housing market will prove a boon
for buy to let investors over the course of the year, with
cautious Britons less willing to take out a mortgage themselves
and preferring to rent. bad cell credit phone service
The key factor [in the growth] will be a lower level
of confidence elsewhere in the market, which will drive tenant
demand higher whilst house prices, the cost of a landlord s
raw material, will at best be flat, the spokesman
added. counseling credit debt service
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