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- 28/05/2008: Mortgage Approvals Down by 40%
- 10/05/2008: Interest Rates Remain Static
- 10/04/2008: Bank of England Reduces Interest Rate
- 26/02/2008: Mortgage lenders leaning towards cash-laden buyers
- 07/02/2008: Interest Rate Cut to 5.25%
- 23/01/2008: Interest rates could fall to 4%.
- 06/12/2007: Interest Rate drops by 0.25%
- 27/11/2007: Looking For A Good Deal - Tips For Homebuyers
- 23/11/2007: Pre-Christmas Slow Down Comes Early
- 23/11/2007: Final Phase Roll Out of HIP's
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Archive for the HIP's Category
Final Phase Roll Out of HIP’s
23/11/2007 by Damian.
From the 14th December 2007 all residential properties being put up for sale will require a HIP. This latest announcement has come despite huge opposition from the industry and warnings that HIPs are seriously damaging the market.
A small ray of light today is the decision to extend first day marketing until 1 June 2008. This will allow some breathing space for the market, but is in no way a solution to any part of the HIPs fiasco.
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Home Information Packs Extended to 3 Bedroom Properties
17/08/2007 by Damian.
As Less2sell Online Estate Agents rightly predicted in our article on 25th June 2007 titled September start likely for Hips and three-bed homes, the government has today announced plans to extend the recent home information packs to 3 bedroom properties as of September 10th 2007.
For more information on home information packs please visit Less2sell Online Estate Agents
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September start likely for Hips and three-bed homes
Home Information Packs Have Arrived
Hips causes chaos in rental market
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Home Information Packs Have Arrived
01/08/2007 by Damian.
Finally after the embarassing last minute u-turn in May, HIP’s are here. As of today, home owners puting their 4 bedroom or more properties on the market will have to get a HIP.
If you are thinking of selling your home or you require further information on HIP’s including what’s in a pack, pricing of HIP’s and how to conduct a D-I-Y HIP please visit our main website www.less2sell.co.uk - Less2sell Online Estate Agents
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Hips causes chaos in rental market
September start likely for Hips and three-bed homes
House of Lord’s Abolish Home Information Packs
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House of Lord’s Abolish Home Information Packs
20/07/2007 by Damian.
Peers have voted in favour of the Conservative motion for the Government to revoke the Home Information Pack Regulations 2007 and the Housing Act 2004.Whilst on the face of it, this vote again shows that their Lordships remain unconvinced that HIPs are the way forward, it should be remembered that the Governement can totally ignore the decision. Nevertheless, yet again, the House of Lords has shown that they agree with many of the concerns continually expressed by most Estate Agents.
A CLG spokeperson on behalf of the government made this statement “This vote will not affect the introduction of HIPs and EPCs on 1 August, which are going ahead in the interests of consumers and the environment. We think that tackling climate change and getting a better deal for consumers is vital - it is disappointing that some do not agree. They will cut nearly a million tonnes of carbon a year and help reduce the millions of pounds wasted by consumers buying and selling their homes.”This is another embarassment for the Labour Government which could eventually all parts of the HIPS except the EPC scrapped.
Other Related HIP’s Links
September start likely for Hips and three-bed homes
Hips causes chaos in rental market
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September start likely for Hips and three-bed homes
25/06/2007 by Damian.
Homeowners trying to sell three bedroom houses may have to provide their buyer with a home information pack as early as September 1, it was claimed yesterday. The packs, which include legal searches and the controversial energy efficiency assessment, were originally due to be required by the sellers of all houses from June 1 but this has been delayed until 1st August - and it will only affect properties with 4 or more Bedrooms.Now it has been claimed that the industry could be ready to expand the scheme to cover smaller homes as early as August, although it is more likely to come into force in September. The industry will have enough trained energy assessors in place by August to allow the government to announce that the scheme will be expanded to include three-bed properties as early as 1st September.
In May the government was forced to admit it had only 500 trained energy assessors instead of the 2,000 it said were required to make Hips work. Despite repeated assurances to the contrary by both ministers, the scheme looked doomed to failure particularly when several large property firms said they were pulling out of Hips.
A Communities Department spokesman confirmed the roll out of the scheme was dependent on the number of assessors ready to begin work.
Keep checking our blog for more on this ever changing subject!
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Hips causes chaos in rental market
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Hips causes chaos in rental market
24/06/2007 by Damian.
The government’s confusion over home information packs (Hips) has thrown the buy-to-let market into chaos in many parts of the country.Many of those who put their properties up for sale to beat the Hips deadline of 1 June, creating a glut of properties on the market, have now decided to put them up for rent instead. This has led to a sudden flood of thousands of properties coming on to the rental market in the past few weeks, leaving many landlords, already hit by higher interest rates, struggling to find tenants for their properties.
The rental market is the latest casualty of the government’s indecision over Hips, which would have required sellers to provide information about their properties before they could sell them. Agents and landlords are reporting thousands of properties suddenly becoming available to let, forcing them to slash rents to find tenants. Worst affected areas seem to be city centres in Birmingham, Leeds and Nottingham, where there was already an oversupply of executive apartments.
The property market remains confused as to whether Hips will be introduced at all, or in what form. The packs, which would have included title deeds, copies of planning approvals, local searches, guarantees for any work done and an energy performance certificate, were to be required for all properties sold from 1 June and were likely to cost sellers between £300 and £500. Estate agents had geared up for their implementation.
But just 10 days before they were due to be introduced, Communities and Local Government Secretary Ruth Kelly announced they would be delayed and said only properties of four or more bedrooms would need a Hip from the new start date of 1 August.
Realted Links
September start likely for Hips and three-bed homes
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