| Review of home information packs |
| Tuesday, 26 August 2008 | |
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A review of Home Information Packs (Hips) is needed given the housing market slowdown, estate agents say. Local searches are a requirement in the packs, but the National Association of Estate Agents (NAEA) says they are out of date by the time a property is sold. It wants a simpler pack, but the government says that the system is bringing benefits to consumers. The packs - which are compulsory in England and Wales - are aimed at preventing sales falling through. |