A trial version of the Government’s contoversial home information packs (HIPs) will be extended to 12 regions of England and Wales, including the M4 corridor.
The packs aim to give home buyers more information at the start of the process and shift the emphasis from the buyer to the seller to collate information about a property before it is sold.
The HIPs are expected to become compulsory on all home sales from June 2007 if the government can implement this plan better than the Tenant Deposit Scheme. Read our article on the tenant deposit protection.
HIPs will contain the following items:
- A sale statement
- Land registry title and plan
- An energy performance certificate
- Leasehold and Commonhold documents
- Guarantees for any work on the property
- A copy of New Homes Warranty
- and several optional additions
Please check the official government web page for further details on the HIPs.
Estate Agents Maidenhead urges the potential vendors to be very careful while marketing their property.