ANYONE SELLING a house will have to spend up to £1,000 providing an information pack for buyers as part of a shake-up of the housing market to be published by the government today, according to The Times .
Deputy Prime Minister, John Prescott, will finally publish draft laws creating home information packs (Hips), amid mounting concern that the measures will destabilise the housing market and increase significantly the costs of moving, says the paper. The government maintains its plans will reduce the cost of buying a house, particularly helping first-time buyers. Under the regulations, from spring 2007 anyone selling a home will have to provide potential buyers with a sheaf of documents including evidence of ownership, local authority searches and a new home condition report (HRC) before ...
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