News Archive:


13/06/2017 - Live by the beach... in London! 13 Jun 2017
08/06/2017 - Election causing buyers and sellers to "wait and see" 08 Jun 2017
06/06/2017 - More lenders target small-deposit buyers, just as house prices slide 06 Jun 2017
02/06/2017 - House prices show longest sustained fall since 2009 crash 02 Jun 2017
01/06/2017 - Apps for surveyors: 2017 edition 01 Jun 2017
22/05/2017 - Conservatives plan to bring back Home Information Packs 22 May 2017
15/05/2017 - Revealed, the least affordable places in Britain to buy a property: 15 May 2017
08/05/2017 - House price growth stagnates in the UK, latest index shows 08 May 2017
06/04/2017 - Dramatic scene after house collapses in affluent street in Kingston 05 Apr 2017
28/03/2017 - Borrowers urged to fix their mortgage fast as rising inflation could soon spell the end of super low interest rates 28 Mar 2017
22/03/2017 - House prices see 1.3% monthly surge 22 Mar 2017
09/03/2017 - UK property market growth continues to rise modestly apart from in London 09 Mar 2017
24/02/2017 - House prices go potty! 24 Feb 2017
09/02/2017 - How the Government's Housing White Paper plans will affect you 09 Feb 2017
08/02/2017 - How to flood proof your home: We visit 'Resilient House' with latest defences to help protect against expensive water damage 08 Feb 2017
30/01/2017 - Homeowners taking advantage of cheap remortgage deals 30 Jan 2017
25/01/2017 - Analysis: Stamp duty is killing the housing market and harming the economy 25 Jan 2017
11/01/2017 - Mapped: Which London neighbourhoods have seen the biggest house prices rise since the crash? 11 Jan 2017
09/01/2017 - January sees largest fall in BTL products since 2009 09 Jan 2017
04/01/2017 - 'Thousands' of Starter Homes to be built in 2017 04 Jan 2017

News.

22/05/2017 - Conservatives plan to bring back Home Information Packs

 

Conservatives plan to bring back Home Information Packs
At a time of severe housing crisis, which has been acknowledged by all the major parties, we should really be concentrating more on improving accessibility and supply

Former Secretary of State for Education, Michael Gove, has announced that the Conservatives are considering bringing back Home Information Packs.

The Conservative manifesto, released yesterday, states: “A Conservative government will reform and modernise the home-buying process so it is more efficient and less costly."

In an interview on BBC Radio 4 programme, Michael Gove explained: “One of the things we can revisit is to look for example at the way in the past... the arguments behind Home Information Packs which Labour hoped to deliver before 2010. They had some validity. The implementation of Home Information Packs was botched but we can look again at this process.

“I wouldn’t want to pre-judge what the outcome is but we all know the process of buying a home can be complex and it can be the case sometimes that information has to be generated more than once.”

Home Information Packs were first introduced by Labour and needed to be provided before a property in England and Wales could be put on the open market for sale. They were scrapped by the Coalition government in 2010.

However the plans to reintroduce the Packs have been met with criticism from the industry.

Jeremy Leaf, north London estate agent and former RICS Residential chairman, said: "It is very interesting that Michael Gove has raised the spectre of Home Information Packs once again. It does beg the question whether this is really the right time. There is nothing wrong with examining the home-buying process from time to time to look at ways of improving it but at a time of severe housing crisis, which has been acknowledged by all the major parties, we should really be concentrating more on improving accessibility and supply, allowing people to get on with their lives.

"However, the most contentious part of the HIP was the condition report which the government wrestled with for such a long time without really solving the issues of impartiality, cost, liability, compromising the seller's intention to market their property and a whole host of other issues. If the Conservatives are really serious about improving the home-buying process, there is still much that can be done that wasn’t done and continues to be ignored. Areas to look at include greater transparency, better communication, availability of information and, particularly with regard to leasehold, control of the availability and cost of management information. If these issues were addressed, it would go a long way to improving the experience of buying a home and ensuring that deals which are struck are more likely to be completed quickly."

Source: www.financialreporter.co.uk 22/05/2017