1. Breakdown Insurance (36)
  2. Car Insurance UK (551)
  3. Credit Cards (68)
  4. Home Insurance UK (326)
  5. Loans UK (140)
  6. Mortgages (174)
  7. Bike Insurance (52)
  8. Pet Insurance (37)
  9. Savings Accounts (133)
  10. Travel Insurance UK (300)
  11. Utilities (42)
  12. Van Insurance (55)
  13. Caravan, Motorhome and
     Campervan Insurance (24)


Archive
July 2008 (41)
August 2008 (49)
September 2008 (52)
October 2008 (49)
November 2008 (56)
December 2008 (56)
January 2009 (60)
February 2009 (57)
March 2009 (54)
April 2009 (53)
May 2009 (54)
June 2009 (60)
July 2009 (57)
August 2009 (57)
September 2009 (23)
October 2009 (24)
November 2009 (16)
December 2009 (16)
January 2010 (21)
February 2010 (14)
March 2010 (15)
April 2010 (19)
May 2010 (18)
June 2010 (17)
July 2010 (20)
August 2010 (20)
September 2010 (22)
October 2010 (30)
November 2010 (24)
December 2010 (32)
January 2011 (28)
February 2011 (29)
March 2011 (27)
April 2011 (28)
May 2011 (28)
June 2011 (31)
July 2011 (27)
August 2011 (27)
September 2011 (25)
October 2011 (24)
November 2011 (31)
December 2011 (29)
January 2012 (25)
February 2012 (27)
March 2012 (27)
April 2012 (25)
May 2012 (28)
June 2012 (29)
July 2012 (27)
August 2012 (16)
September 2012 (14)
October 2012 (13)
November 2012 (3)
December 2012 (11)
January 2013 (14)
February 2013 (14)
March 2013 (15)
April 2013 (14)
May 2013 (14)
June 2013 (14)
July 2013 (14)
August 2013 (14)
September 2013 (9)
October 2013 (8)
November 2013 (8)
December 2013 (8)
January 2014 (5)
February 2014 (9)
March 2014 (9)
April 2014 (9)
May 2014 (9)
June 2014 (9)
July 2014 (7)
August 2014 (6)
September 2014 (8)
October 2014 (4)
November 2014 (11)
December 2014 (7)

Search Articles


Subscribe to RSS newsfeed RSS Newsfeed
 

Scrapping Hips 'must be done quickly'
  
15th May 2010
0 comments 0 comments | 1509 views 1509 views
  

Plans to scrap Home Information Packs (Hips) need to be implemented quickly to avoid confusing those with home loans and people looking to buy a property, it has been claimed.

The decision is set to benefit both homebuyers and sellers, according to the National Association of Estate Agents (NAEA).

NAEA chief executive Peter Bolton King warned that it is "vital" the new Liberal Democrat and Conservative Party coalition government acts on the commitment "decisively and quickly".

He said: "Sellers are not going to be prepared to spend hundreds of pounds now if they feel they won't have to in a few months.

"The implications to the market of thousands of people suddenly deciding to hold off selling their home could be severe. We urge the government to act now."

Setting out its initial aims, the government indicated that although Hips will be scrapped, energy performance certificates (EPC) will be maintained.

EPCs are one of the component parts of Hips, which have been widely criticised as adding unnecessary expense and delays to the housing market buying and selling process.

Mr King believes that the packs have failed to benefit buyers, for whom the packs were intended to provide useful information prior to confirming a purchase.

He added that the packs have also failed to benefit sellers, who have "paid too much attention to these pointless packs".

March figures from the Royal Institution of Chartered Surveyors indicate that house seller activity has only just returned to the level prior to the introduction of Hips in 2007.

However, the rate of house price rises also appears to be slowing, with half as many surveyors reporting a rise rather than a fall in house prices in March compared to February.ADNFCR-1789-ID-19778760-ADNFCR

This article is intended as generic information only and is not intended to apply to anybody’s specific circumstances, demands or needs. The views expressed are not intended to provide any financial service or to give any recommendation or advice. Products and services are only mentioned for illustrative rather than promotional purposes.


      Print

Related Articles
House prices continue on downward slope
2nd December 2010
Increased base rate could create difficulties
24th December 2010
Homebuyers are waiting for the perfect mortgage
24th May 2012
How sensible are fixed-rate mortgages?
26th August 2010
Mortgage rates to stay low
6th July 2012


User comments on this article


No comments on this article yet.
You can share your comments using the form below




Add your comments about this article:
Name:
Email: (will not be published)
Title:
Comment:
(max 1000
characters)
Security
code:
  (write the code into the box; case insensitive)
(If you can't see the image/code, click here or on the image)
 

QuoteZone Mortgages