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Home Inspection News
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Nine years after Labour committed itself to home information packs to combat gazumping and the breakdown of house-buying chains, a scaled-down version of the scheme is to be launched this week.
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Home Inspection News
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Mike Ockenden, Director General, Association of Home Information Pack Providers (AHIPP) responds to CML’s recent criticisms of the Home Information Pack (HIP):
I was alarmed to read the negative comments regarding HIPs, recently made by Michael Coogan of CML at the Property Forum annual dinner. While I understand that CML have a number of concerns surrounding the future of packs, and in particular the early roll out planned for later this year, I feel compelled to put right some of the inaccuracies in Mr Coogan’s statement.
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Home Inspection News
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Mortgage lenders have called on the government to drop its plan to introduce Home Information Packs (HIPs) into the house selling process.
Michael Coogan, head of the Council of Mortgage Lenders (CML), said they now looked like a costly indulgence.
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Home Inspection News
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Survey figures released by the National Association of Estate Agents (NAEA) reveal 69% of respondents do not believe the home information pack (HIP) will be introduced by the government deadline of 1 June 2007.
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Home Inspection News
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In a House of Lords debate on 11th October, the government confirmed that £4 million of tax payer's money is to be spent subsidising a 'dry run' of the discredited Home Information Pack (HIP) prior to its introduction in June 2007.
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Home Inspection News
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Energy Performance Certificates (EPCs) should be linked to incentives such as green mortgages, Housing Minister Yvette Cooper said today. EPCs could also be linked to schemes run by energy companies which give homebuyers cash upfront to make energy saving alterations to their houses.
Setting out the next steps on EPCs and Home Information Packs, the Minister said she would be meeting mortgage lenders and energy companies to discuss the development of these kinds of incentives.
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Home Inspection News
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The National Association of Estate Agents (NAEA) today expressed ongoing concern over the Government announcement that they were pushing ahead with Home Information Packs and that they were to spend £4 million pounds supporting an Industry dry run of Home Information Packs in six locations.
Bearing in mind that these are being organised by Pack Providers, who must have a vested interest, the NAEA remains very dubious as to whether these trials will be truly independent and whether they will properly address at all the issues.
Peter Bolton King Chief Executive of the NAEA said 'The Association has always said that it was vital that any trials thoroughly test not only the systems but whether our concerns about the effect on the market caused by a lack of first day marketing and reduction in housing supply are justified. We have not been told how these trails are to be conducted and have doubts as to their effectiveness in a voluntary scenario.'
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