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Debate House Prices


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HIPS Scrappped, immediate effect

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Comments

  • BlondeHeadOn
    BlondeHeadOn Posts: 2,277 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Still need energy certificate, but rest is not needed.

    More info:

    The coalition government has suspended the use of Home Information Packs (HIPs) by home sellers.
    HIPs were introduced in 2007 in England and Wales.
    The aim was to speed up the house selling process by obliging sellers to provide much of the required conveyancing information when properties are first put up for sale.
    The packs are paid for by sellers and contain property information, title deeds, and local searches.
    "Today the new government is ensuring that home information packs are history," said Housing Minister Grant Shapps.
    "By suspending home information packs today, it means that home sellers will be able to get on with marketing their home without having to shell out hundreds of pounds upfront.
    "We are committed to greener housing so from now on all that will be required will be a simple energy performance certificate," he added.

    Whta really narks me is that I had to buy one of these last year to sell my parent's house, £400 totally wasted as I can't believe anyone ever really looked at it anyway! What a waste of money...
  • iolanthe07
    iolanthe07 Posts: 5,493 Forumite
    Phew! My mother is putting her flat on the market this coming weekend. Just saved herself a few quid!
    I used to think that good grammar is important, but now I know that good wine is importanter.
  • Blacklight
    Blacklight Posts: 1,565 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    It won't make any difference as no first time buyer can afford to get on the ladder unless house prices come down by 97%.
  • Aspiring_Writer
    Aspiring_Writer Posts: 1,536 Forumite
    It will be a useful boost to the housing market, as BlondeHeadOn mentioned, no-one looked at the damn things anyway! waste of time & good riddance...
    "If you are going through Hell, keep going" - Winston Churchill
  • sorryitsme
    sorryitsme Posts: 448 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    What happens to those people who trained and paid about 6k to become a freelance Hip inspector.
    Mortgage Feb 2015 £178,500 END 2043!!


    MFW 2015 £100 /£1000

    Watch this space, my MF end date will tumble!!
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    BlondeHeadOn wrote: »
    HIPS Scrappped, immediate effect
    this will be the next leg down in the house price crash
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    sorryitsme wrote: »
    What happens to those people who trained and paid about 6k to become a freelance Hip inspector.

    No one cares unfortunately.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    chucky wrote: »
    this will be the next leg down in the house price crash

    More houses speculatitively listed for sale in the market?
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    Thrugelmir wrote: »
    More houses speculatitively listed for sale in the market?
    it was a bit of sarcasm...

    more houses on the market will be a test to see if there is enough demand and mortgage funding to maintain the 2010 house prices. it will be very interesting...
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    sorryitsme wrote: »
    What happens to those people who trained and paid about 6k to become a freelance Hip inspector.

    I guess most of the training was in the area of the energy certificate and that stays.
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
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