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Home Inspection News
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A Ten Minute Rule Bill to abolish the Home Information Pack (HIP), due to be heard on May 12th, has had its Second Reading in Parliament rescheduled for 20th October 2006.
Introduced by Ian Liddell-Grainger, MP for Bridgwater, Somerset, the Bill would revoke the parts of the Housing Act 2004 relating to the expensive and unpopular HIP which is due to be made mandatory for all home sales from June 2007.
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Home Inspection News
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Home Information Packs become a legal requirement for home-sellers next summer, but very few people know what they are. Home Information Packs (HIPs) will become law next summer, whether the public or industry is in agreement or not. Even though this new legislation will affect the whole buying and selling process, a substantial number of people remain unaware of what HIPs actually are. Results of a new survey conducted by The Property Investor and Homebuyer Show North (G-Mex Manchester, 2 to 4 June) have highlighted that over 27% of people are unaware of HIPs and a staggering 61% believe that it is the buyer who has to stump up the cost, as opposed to the seller.
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Home Inspection News
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A SHORTAGE of inspectors to prepare the new house-sellers' packs will drastically slow the process of moving and upset the Government's plans to revolutionise the property market, industry experts predict.
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Home Inspection News
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Government plans to force homesellers to provide potential buyers with Home Information Packs (HIPs) are "ridiculous", the head of a leading industry body said today.
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Home Inspection News
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The National Association of Estate Agents (NAEA) in response to to a government statement on Home Information Packs (HIPs)has said that the packs will hinder first-time buyers and sellers rather than help them. |
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Home Inspection News
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A recent independent survey carried out on behalf of the National Association of Estate Agents (NAEA) clearly indicates that the introduction of Home Information Packs (HIPs) on 1 June 2007 could lead to a reduction in the number of properties coming on to the market. This can only lead to increases in house price inflation.
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Home Inspection News
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80% OF BUILDING SOCIETY CHIEFS BELIEVE HIPS WILL HAVE A NEGATIVE IMPACT
The BSA is calling for Home Information Packs (HIPs) to be voluntary when they are introduced. This follows a survey of building society chief executives which found that 84% of them expect the introduction of HIPs to have a negative effect on the housing market.
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