1. A Vision for the Future Home Information Packs PISCES Buy to let and SIPPS

2. HIPS The current home buying and selling process is slow, wasteful, stressful and causes far too much delay and failure. HIPS will make the home buying and selling process more transparent, more certain, consumer friendly and faster. The period from offer to exchange will be halved.

3. HIPS What is a HIP ? – Home Condition report – Searches – Warranties/Guarantees Timetable – Pilot mid 2006 – Go Live in early 2007

4. HIPS “Not a prayer “

5. HIPS The problems ; – Definition – IT resource – Home Inspectors

6. HIPS The big problem – The cost £600 to £800 – Will it deter sellers ? – Who is going to pay ?

7. HIPS The opportunity – NBS white labelled HIP – Retain customers – New customers ? – We fund it, if we get a mortgage.

8. HIPS The opportunity for intermediaries – Will you offer a white labelled HIP ? – Will you fund it ? – If you don’t offer it – will you loose the customer ?

9. PISCES Property Information Systems Common Exchange Standard.

10. PISCES Members – HBOS – Nationwide – Countrywide – Rightmove – First Title – Many of the large legal firms – Newcastle Building Society

11. PISCES What is it ? “The development, synthesis, and adoption of e-business standards that enable the Real Estate industry to function effectively and efficiently in the new economy.”

12. PISCES The electronic exchange of data. – Lenders – Valuers – Conveyancers – Land registry – Local Authorities

13. PISCES The Vision – Richard Barnett –Barnett Solicitors – The two hour remortgage – Maybe not but the one week remortgage ? The Timetable – Pilots commence in the next few months.

14. PISCES The Advantages – Speed – Certainty – Fees paid quicker !

15. Possible Actions – Membership of PISCES ? – Understanding lenders commitment to it.

16. SIPPS Self Invested Personal Pensions – April 2006 – Much greater flexibility – Assets that can be included within a pension – How pension is taken – Borrowing rules changed

17. SIPPS Property – At the moment commercial property – April 2006 – Holiday homes – Buy to Let – Tax issues with holiday homes

18. SIPPS Buy to Let – Will existing buy to let customers want to transfer property to a SIPP ? – Will you want to give advice ? – Will you want to make customers aware of the opportunity and seek a partner that can give the advice ? – Will lenders want to lend to SIPP trustees ?

19. SUMMARY HIPS PISCES SIPPS