In just a short time, all homeowners in the UK will be subjected to compulsory HIPs, or Home Information Packs. Before, only four bedroom homes were subjected to the HIPs requirement, but as of 14 December all homes in the UK will be required to have a HIP. The vast majority of homeowners in the UK are unhappy to say the least about this new requirement and many believe it will make selling a home even more difficult because of the added cost. It costs up to £1000 to have a HIP created and that is a barrier for many would be home sellers. The fact that HIPs are a done deal means that the buying and selling process in the UK just became more complicated, more expensive, and longer. The following drawbacks are just a few of the reasons why the new HIP law may make selling your home more difficult.
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Home infomation packs have been delayed again

The government has yet again decided to postpone the release of HIP’s. They were supposed to be mandatory from the 1st June, but have been delayed again until the 1st of August where they will only be mandatory for sales of houses with over 4 bedrooms. (more…)

Soon there will be a kind of insurance to protect home buyers from the worst and most common pitfalls of house buying.

Otherwise known as Home Buyers Insurance, or HBEI, could be offered throughout England and Wales to all house buyers and is only available in these countries. (more…)

What does the arrival of HIPs actually mean? Are you confused by all the news surrounding this new proposal by the Government? (more…)

Buying and selling property can so stressful, you might be thinking carefully about becoming a homeowner. (more…)