The Tories are calling for Home Information Packs (HIPs) to be scrapped. A report has shown that some packs are costing over £500, with more than half over the original target price of £350.
Only 1 in every 8 is produced in the target of 4 to 5 working days, whist over half (52%) are taking 12 days and 31% 15 days, claims a report from Estate Agents.
Over 370,000 packs have been produced since their introduction last summer. They were supposed to provide buyers with further information and speed up the sales process, but most members of the National Association of Estate Agents believe this has not happened.
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April
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- House Prices Dropped In A Year
- Buyers Hit Record Low
- Nationwide increases mortgage deposit
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- Housing Market Is Only Half Of What It Was
- OFT To Review Bank Charges
- More rejected credit cards
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- Calls for homebuyer protection
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- HSBC Remortgage Lifeline
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- House Prices Tumbled In March
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- No More 100% Mortgages
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