News Tag: HIPs
March 19, 2009
New government legislation on Home Information Packs (HIPs) will cause home sellers 'significant delays' in getting their property to market, The Nottingham warned this week.
The East Midlands-based building society warned that the new legal status of HIPs will make home-selling a 'major logistical exercise'.
From 6 April, all home sellers will be required to have a completed HIP available before ...
New HIPs law will slow down house sales
by David Masters
March 4, 2009
MPs have slammed the government department that has responsibility for UK housing issues.
In a newly published report, a committee reviewing the work of the Department for Communities and Local Government (DCLG) has concluded that the government body lacks the skills needed to formulate the policies for which it is responsible.
The taxpayer has been let down on eco-towns, home information packs ...
MPs slam DCLG on eco-towns and Hips
by Gill Montia
December 9, 2008
Housing minister, Margaret Beckett, stands accused of putting additional pressure on homeowners by changing the rules that govern Home Information Packs (Hips).
Currently vendors can market their properties without a Hip providing they have made arrangements for one to be available within 28 days, however, from 6th April 2009 a pack must be available from the first day of sale.
Also from next ...
Minister tightens rules on Hips
by Gill Montia
August 27, 2008
The National Association of Estate Agents (NAEA) is demanding a review of Home Information Packs (Hips) because the slowdown in the housing market means that some of the packs are out of date before a property is sold.
The packs were intended to simplify and speed up the house selling process but the majority of estate agents opposed ...
Slow house sales put Hip searches out of date
by Gill Montia
August 4, 2008
It has come to light that not all homes being offered for sale have Home Information Packs (HIPs).
According to the president of the Law Society, Paul Marsh, some estate agents and vendors, worried about the slowdown in the property market, are delaying the completion of HIPs until a sale has been agreed.
The packs cost between £300 and £400 for the average ...
Homesellers and estate agents dodge HIPs
by Gill Montia
July 30, 2008
The Government wants to improve Home Information Packs (HIPs) to reduce the likelihood of problems emerging well into the sales process.
Under the proposals, HIPS could include a property information questionnaire that would relate to such issues as building work carried out, energy and utility suppliers, parking arrangements and Council Tax banding.
A consultation has been launched to establish what changes are needed to make the buying ...
HIPs to be improved with new questionnaire
by Gill Montia
June 18, 2008
A new report on the residential property sector in England and Wales is recommending a number of reforms for the property buying and selling industry.
The Carsberg Review was commissioned by the Royal Institution of Chartered Surveyors, the National Association of Estate Agents (NAEA) and the Association of Residential Letting Agents.
It criticises the system of voluntary regulation in the residential property sector for ...
Carsberg Review recommends optional HIPs
by Gill Montia
