Thursday, 20 May 2010

Breaking news - Suspension of HIPs confirmed

The new coalition government has acted swiftly to suspend the requirement for sellers to produce a Home Information Pack before marketing their property.

Housing Minister Grant Shapps called the packs “pointless red-tape” that was “strangling the housing market."

Eric Pickles, CLG Secretary said: “The expensive and unnecessary Home Information Pack has increased the cost and hassle of selling homes and is stifling a fragile housing market.

“That’s why I am taking emergency action to suspend the HIP, bringing down the cost of selling a home and removing unnecessary regulation from the home buying process.”

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