You are browsing:
Home
> Property News
>
2008 09 > Hips 'beneficial to first-time buyers'
GUIDES
News Categories
Buying Property
Credit Crunch
EPCs
Estate Agents
First Time Buyers
General
Home Information Packs
House Building
House Prices
Interest Rates
Landlords Buy To Let
Mortgages
Property Tax
Renting Property
Selling Property
Stamp Duty
Utilities
Credit Crunch
EPCs
Estate Agents
First Time Buyers
General
Home Information Packs
House Building
House Prices
Interest Rates
Landlords Buy To Let
Mortgages
Property Tax
Renting Property
Selling Property
Stamp Duty
Utilities
News Archives
2009 January
2008 December
2008 November
2008 October
2008 September
2008 August
2008 July
2008 June
2008 May
2008 April
2008 March
2008 February
2008 January
2007 December
2007 November
2007 October
2007 September
2007 August
2007 July
2007 June
2007 May
2007 April
2007 March
2007 February
2007 January
2006 December
2006 November
2006 October
2006 September
2006 August
2006 July
2006 June
2006 May
2006 April
2006 March
2008 December
2008 November
2008 October
2008 September
2008 August
2008 July
2008 June
2008 May
2008 April
2008 March
2008 February
2008 January
2007 December
2007 November
2007 October
2007 September
2007 August
2007 July
2007 June
2007 May
2007 April
2007 March
2007 February
2007 January
2006 December
2006 November
2006 October
2006 September
2006 August
2006 July
2006 June
2006 May
2006 April
2006 March
Hips 'beneficial to first-time buyers'
Posted: 17 Sep 2008 09:49:02 GMT
It would be to the detriment of first-time buyers if Home Information Packs (Hips) were suspended, it has been claimed.
According to FirstRungNow, an advisory firm dedicated to helping first-time buyers, calls from the Conservatives for a suspension of Hips would leave new buyers with very little information about the property they are planning to buy.
Helen Adams, managing editor of the service, explained that the packs are extremely worthwhile to first-time buyers, but that it is hard to judge how effective they have been for the rest of the housing market because Hips were only introduced a year ago.
"From a first-time buyer perspective it would be a shame to remove them because the more information you have on a place that you are going to buy the better and, of course, it would be of no cost to them," she said.
"It's difficult to judge the Hip. I don't think it's been going long enough to judge and there haven't been enough turnovers in property to judge whether it has been a success or not. It really needs testing in a market that is moving."
Hips were introduced from August 1st 2007, on a phased basis, initially for properties with four or more bedrooms. Since December 14th 2007, they have applied to every home put on the market.
© Houseladder Ltd
 
