HIP shake-up

Housing minister Margaret Beckett has announced an overhaul of home information packs which will force buyers to compile a HIP before the property is marketed.
Sellers can currently commission and pay for a HIP and then start marketing their property for up to 28 days before the pack is available, but from April 6 2009 they will no longer be allowed to market the property without the HIP.
A new Property Information Questionnaire will also be introduced.

The questionnaire will include flood risk information, gas and electricity safety, service charges, structural damage, and parking arrangements to help buyers make decisions on whether to view and purchase a property.

The new PIQ will go alongside other important information in the pack, such as energy performance certificates.

Source: Mortgage Strategy

This entry was posted on Tuesday, December 9th, 2008 at 12:04 pm and is filed under Mortgages. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 Responses to “HIP shake-up”

  1. Steve Says:
    January 28th, 2009 at 1:22 pm

    The Government should scrap HIPS they serve little or no purpose and most people dont even know they exist!

  2. Gicicyrhymn Says:
    March 10th, 2009 at 10:16 pm

    now in my rss reader)))
    ————————
    internet signature: http://joneri.ru/

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