The Association of Home Information Pack Providers (AHIPPs) has announced a code of practice for Home Information Packs (HIPs).
The code is being developed to provide maximum protection for the consumer.
AHIPPs has confirmed it will put in place a code of practice for the whole HIP, to which all of its members will subscribe. Providers will be able to sign up to the voluntary code from late September.
Thinc Destini confirms talks
Thinc Destini has confirmed it is in exclusive and advanced discussions with AXA UK, with a view to AXA UK acquiring a 100 per cent shareholding in the business.
Simon Chamberlain, chief executive of Thinc Destini, said: “A number of major institutions have followed our progress closely. We are now at a stage when there would be significant benefits to both Thinc Destini and AXA, should a deal be forthcoming as a result of these discussions.”
Link Lending launches into market
Link Lending has launched into the bridging loan market.
It has no early redemption charges or exit fees and no up-front processing fee. Its rates start at 0.75 per cent per month, with a maximum loan-to-value (LTV) of 85 per cent. Loans are available from £30,000 up to £1.5 million and are available for commercial and residential properties.
