HOME INFORMATION PACKS SUSPENDED WITH IMMEDIATE EFFECT.

June

After weeks of speculation surrounding the future of HIPs, today’s announcement is seen as a welcome boost for potential sellers entering the property market. Suspending HIPs will reduce the cost of selling a home, remove a layer of regulation from the process and provide help to the housing market during the recovery.

Sellers will still be required to provide an Energy Performance Certificate (EPC), although once commissioned, properties can be marketed before the EPC has been received.

Andy Horn from Whitehorn & Guard, the member of Home Sale Network in Bishops Waltham said, “We are pleased that the new Coalition Government has ended the uncertainty surrounding HIPs in today’s announcement. With sellers now able to market their properties without the need for a HIP, this should encourage more properties onto the market and assist the housing market during its recovery.

Whitehorn & Guard looks forward to the boost this will bring to the current market and believes that this Summer could be the time to sell your home.”

For further information, please contact Andy Horn, Whitehorn & Guard 01489 893946 or andy@whitehornguard.com