blinkx

  • PROPERTY: Some mortgage lenders refusing to accept Home Information Packs

  • 00:00:25
  • ITN Source
    • Browse

PROPERTY: Some mortgage lenders refusing to accept Home Information Packs

The Government is facing another setback for their beleaguered Home Information Packs with some leading lenders refusing to give mortgages based on information contained within the HIPs. HSBC and Barclays, two of the country's largest lenders, have said they would not accept certain types of property searches and may require buyers to commission another report. HIPS are being extended to include homes with three or more bedrooms in England and Wales. The banks insist they would not require buyers to organise a second pack but have admitted they would want the first report scrutinised by a solicitor - something the packs were supposed to rule out.

ITN Source | August 22, 2007Watch more videos from ITN Source

Tags:. .second. .leading. .facing. .another. .largest










Accept   Admitted   Another   Banks   Barclays   Based   Bedrooms   Beleaguered   Buyers   Certain   Commission   Contained   England   Extended   Facing   Government   Hips   Hsbc   Insist   Largest   Leading   Lenders   Mortgages   Organise   Packs   Property   Refusing   Require   Rule   Scrutinised   Searches   Second   Setback   Solicitor   Something   Source   Supposed   Types   Wales   Within