| 'Abolish home packs' say lenders |
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| Saturday, 28 October 2006 | |
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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. The packs are being tried out in six areas next month and will be compulsory in England and Wales from next June. But in July this year the government dropped the main requirement for the packs to include a property survey. Error, missing fireboard config file! |
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