Monday, December 8, 2008
HIP burden ramped up by Government
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.