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Suspension of Home Information Packs

Friday 21st May 2010

Alex Neil The London Estate Agents have welcomed the scrapping of home information packs (HIPs), saying the decision should provide a major boost to the housing market.
Communities Secretary Eric Pickles suspended HIPs yesterday, pending primary legislation for their permanent abolition.

The move means homeowners will no longer need to spend money providing one of the packs before they can put their property up for sale.

But sellers will still be required to get an energy performance certificate, showing how energy efficient a property is, within 28 days of putting their home on the market.

The property industry has long argued HIPs failed to help home buyers and discouraged people from putting their property on the market.

“We have already had several calls from people wanting to put their homes on the market, who have been holding off waiting for this announcement.” Contact us now on 0800 822 3449 to arrange a Free Valauation of your London Home.

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