Home Information Packs

This is terrific news. The whole idea is half-baked, there have been so many u turns on matters of detail that the legislation is now incoherent, and very little research on the impact of the proposals. Sure there have been dry runs but they weren't in large centres of population. The plans are a complete mess. So this is very good news for homeowners. The best thing that we could do to stop sales falling apart is to move to the Scottish system, but no the government had to reinvent the wheel - and surprise surprise, it came out square.

http://news.bbc.co.uk/1/hi/uk_politics/6680131.stm

Mr. Ed( ) maybe then they should be consider a H.I.P. replacement?

mummy keithd will be pleased! she's in the process of moving and the thought of having to do this info pack was her giving me a headache...

*twitches*

Yep, bet the conveyancing department are relieved (Incidentally Ed, your folks not looking for a Solcase developer are you?)

As a first time buyer we were kinda looking forward to these, until they got nuked into oblivion and came out looking like an overpriced count of how many low energy lightbulbs the house came with

As you may know, Im in the same business as Ed. I have also been watching with interest the HIPs saga from the beginning.
He is quite right, whilst the English Conveyancing system could do with a revamp, what the Government have proposed is quite frankly a dreadful mistake, which, will greatly affect the Property market and in turn have a knock on affect on the economy as a whole.
A delay to the proposals is NOT enough. The whole system needs to be scrapped. Something similar brought the Property market to it's knees in
Denmark and is likely to do the same here.

[Viney]

Anything that may bring house prices down from the stosphere is a good thing for us 1st time buyers.

Originally Posted by Steve H

The whole system needs to be scrapped. Something similar brought the Property market to it's knees in
Denmark and is likely to do the same here.

Price crash you say?

*wonders off to look at potential shares impacts*

Originally Posted by Viney

Anything that may bring house prices down from the stosphere is a good thing for us 1st time buyers.

Yeah, I kinda see the point in that - in the same boat here, and talk of bringing the property market to it's knees is actually kinda attractive. Tax the hell out of the folks who already own 12 houses and pricing the rest of us out of the market so we're forced to rent one of theirs is my answer (but then I'm a little extreme).

Incidentally, the new legislation requiring rent deposit money to be held by a third party (tenancy deposit scheme) had an interesting little twist sneaked in - the third party is obliged to inform relevant tax bodies; that should stop a fair few landlords not declaring their rental income and not paying tax upon it. Of course, the net result may just end up being increased rents, but I'm kinda hoping that rents are depressed due to the huge takeup of (greed imho) buy to let mortgages.

I'm currently awaiting word from my solicitors that we've exchanged contracts to complete on friday... which was supposed to happen yesterday... I've been caught up in this chain waiting for the planets to align since the first suggested completion date of april 27th...

That homebuyers pack won't help things one little bit. The legal "dotting the I's and crossing the T's" will always hold things up... nevermind the people in the chain being as unreliable as they always will be...

This system is whack. ... and I'm VERY short tempered lately...