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U-turn claim over house packs

18th July 2007

The Conservatives have accused the Government of a U-turn over its decision to delay the introduction of part of its Housing Information Packs scheme (HIPs). That’s after the Housing minister, Yvette Cooper, announced that the home survey element of the packs needed further testing – and wouldn’t be compulsory from 1 June next year, as planned. She also had concerns that there wouldn’t be enough inspectors trained up to compile these home condition reports.

HIPs are due to become mandatory in England and Wales next June. Sellers must compile the packs – at an estimated cost of £650 plus VAT – which can then be given to any potential buyer. Ministers insist this will speed up sales and mortgage offers, prevent broken chains and gazumping and save buyers money, by transferring the cost of surveys and searches to the seller.

But now Yvette Cooper has said that the introduction of the survey part of these packs, the Home Condition Report, would have to be postponed, following dry run tests around the country.

The Tories’ shadow Housing minister, Michael Gove, has branded the plans “a complete shambles”. He urged the Government to abandon the whole scheme, rather than “move ahead with a vanity project to save ministers’ faces”.

For the Liberal Democrats, local government spokesman Andrew Stunell said he was pleased ministers had responded to calls to pilot the packs. “There can now be a realistic assessment of how they will work and what snags there may be,” he said.


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Abbey GMAC Preferred
Accord Halifax Principality
Advantage Infinity Mortgages Progressive
Alliance & Leicester Intelligent Finance Royal Bank of Scotland
Bank of Scotland Kensington Scottish Widows
Bank of Ireland Leeds Skipton
Birmingham Midshires Lloyds TSB SPML
Bristol & West Mortgage Express Standard Life Bank
Buildloan Mortgages Plc The Mortgage Works
Capital Home Loans Mortgage Trust TMB
Chelsea Nationwide The Mortgage Business
Cheltenham & Gloucester Natwest The One Account
Coventry Northern Rock UCB Homeloans
Dunfermline Norwich & Peterborough Ulster Bank
Edeus Paragon West Bromwich
First Active Platform Woolwich
First Trust Portman  

Lenders accessible through The Packagers:

Amber Future Money Partners
Beacon High Street Homeloans Rooftop
DB Mortgages I Group Scarborough
First National London & Scottish Swift
Freedom Lending London Mortgage Co Unity and Victoria Mortgages

Commercial Lenders:

BOI Heritable Northern Rock
BOS Interbay RBS
Chase UK Natwest TBMC
Fiducia

Overseas Property:

Blevins Franks Conti Financial Services Fidentia Group

Life Insurance Providers:

Axa Friends Provident
Bupa Health-on-line and Standard Life

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