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£4m Hips trial is just a 'gimmick' |
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Wednesday, 15 November 2006 |
Experts have dismissed a trial roll-out of the controversial home information packs - Hips - as a 'sham'. The packs aim to cut the number of house sales that fall through and speed up the process. Sellers pay up to £500 for documents with key information about a property. These are made available to potential buyers.
From next June, anyone selling a home will have to pay for a pack before they can market their property. But in July this year, the Government said that it would no longer be mandatory for sellers to pay for a home condition report - a key element of Hips. This would have given a structural assessment of a property.
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