Government Proposing To Enhance Buying And Selling

 Buying And Selling

Housing Minister, Caroline Flint announced a proposal to further enhance the home buying and selling process for consumers, by presenting information in a simpler way in the Home Information Pack. The consultation is open until 30th September 2008.

 

 

The Government is proposing to include a Property Information questionnaire (PIQ) as a mandatory part of HIPs to improve the product for both buyers and sellers. The PIQ would be a simple form that is freely available to download from the Communities and Local Government and other HIP provider websites.

 

 

The questionnaire would include information such as: building work carried out to the property, council tax banding, information on energy and utilities, details on parking arrangement etc.

 

 

The quality of leasehold information provided in the HIP is also set to be improved. Information will include details about the cost and use of leasehold property and a copy of the lease. Presently a temporary provision only requires a copy of the lease to be included.

 

 

Caroline Flint said,

 

“Having the right information about a property at the beginning of the home buying process is essential if we are to reduce delays and cut down on wasteful costs for both buyers and sellers.

 

 

“HIPs are an important first step in achieving greater efficiency and the Property Information Questionnaire will only improve on this, ensuring the buying and selling process is simpler for all.”

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