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Housing Minister, Yvette Cooper, has announced today that all properties marketed for sale from 14 December will need a Home Information Pack. The Government intends the extension of the scheme to include one and two bedroom properties to help first-time buyers and revive the housing market.

Crucially, what is not clear from today’s announcement is whether properties which were put on the market prior to 14 December will require a HIP from 14 December. We will update you with clarification on this important point as soon as more details are released. It could potentially be a useful marketing strategy for your agency during the next 3 weeks.

It also appears as though the transitional provisions will be extended from 1st January to 1st June 2008 allowing a property to be marketed without a HIP in place provided the HIP has been commissioned.

See our Website for More Detail on the Announcement and the Importance to Estate Agents of Having a HIP

Frettens Update

We have prepared numerous HIPs now, on an average of one new HIP instruction per day, before the market slowed down and have a fully trained member of the team dedicated to preparing the HIP and updating the client/agent as to its progress.
The Frettens HIP is competitively priced at £299 (inclusive of VAT and disbursements)
on average uploaded a legally compliant HIP onto our secure website within 48 hours of receiving the HIP order.
Our HIPs are provided online, by CD for use of the buyer’s solicitor and 2 bound hard copies for use in marketing the property.
HIPs can be ordered by agents or by individual sellers via a simple form on our website.
Our service offers the reassurance of using a well established local firm of solicitors whose large team has many years of property transaction experience.
Unlike many other Pack providers, Frettens do not make any additional charges if the property is leasehold or unregistered. The only additional fee for leasehold property is the fee charged for required information by the managing agent.
Frettens HIP fee is based on Frettens carrying out the conveyancing which will be on a no sale, no fee basis.

If you have any questions please do not hesitate to contact us.

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