Morgan Beddoe - Independent Estate Agents and Property Auctions

ANOTHER GOVERNMENT U-TURN ON HIPS

For those in the know "first day marketing" was set to come to an end on June 1^st.  In theory before your property could be marketed your estate agent would have to have a full copy of the HIP.  So from choosing your estate agent to actually seeing your property advertised could take as long as 28 days.

Also for leasehold properties all lease and management company information would have had to be included in the pack.  This could potentially server to delay marketing even further.

I am pleased to report that the Housing Minister has been listening to the National Association of Estate Agents and has now announced that the current temporary arrangements with regard to the Home Information Packs will be extended until 31st December 2008.

In effect this means things carry on as now and that we can continue to market properties providing we have commissioned the HIP and agreed payment. There is still, therefore, no requirement to include full leasehold information within the HIP.