HIP - Home Information Pack

Tentative first time sellers will suffer most with the introduction of HIPs, says NAEA

Struggling first time sellers are likely to be hit the hardest by Government plans to introduce Home Information Packs (HIPs) to the housing market in June 2007, according to research by the National Association of Estate Agents (NAEA)..

Families will be hit by a £111 million stealth tax from next year when they try to sell their homes, the Conservatives have warned.

Regulations introduced by John Prescott mean that from 2007 anyone putting their house on the market will be required to produce a home information pack containing all the relevant documents about their property.

Housing minister Yvette Cooper tells Jill Insley why information packs are a boon for first timers.

First-time buyers will benefit most from the introduction of compulsory home information packs next year because they have the least experience of the home-buying process, according to the housing minister, Yvette Cooper.

Government has set out today next steps to help homebuyers with the announcement by Housing Minister, Yvette Cooper, of details of a dry-run prior to introducing Home Information Packs (HIPs) on 1 June 2007.

The Government is introducing HIPs, which have long been called for by consumer groups, to address the serious problems and delays homebuyers and sellers face when they can't get early reliable information about homes.

A seller's burden Home Information Packs are meant to speed up the buying process. Phil Spencer reckons they will do more harm than good