First day marketing extended for HIPS
Today, the Government has announced the delay of first day marketing for new property for sale; this was originally scheduled for the 1st June 2008 and has now been delayed until 31st December 2008.The provision for first day marketing allows a property for sale to be marketed without a HIP ( Home Information Pack ) as long as the required documents have been commissioned and paid for (or arrangements for payment made) and there is an expectation they will arrive within 28 days.
They have also announced a package of measures to help ensure consumers are seeing the vital information in Home Information Packs and are receiving a higher standard of service in the home buying and selling process.
Housing Minister Caroline Flint said:
“Home Information Packs are already bringing benefits to consumers. Property search costs are falling and new information on energy efficiency can help cut carbon emissions and enable prospective purchasers to get a better idea of the likely costs of energy bills.”
“But we want to do more to improve the HIP and the home buying and selling process for consumers. Developing a new set of standards for industry is an important next step in further ensuring all consumers get the highest quality of service when buying or selling a home. We also want to ensure all consumers are seeing the vital information in a HIP early in the process so they can fully benefit.”
“Alongside the development of a new industry code, we will continue to work with the industry to promote higher and consistent standards of practice on the delivery of HIPs.”
To read the full Press Release from the CLG click here.
