Home Information Packs (HIPs) suspended

On 20th May 2010, Communities Secretary Eric Pickles and Housing Minister Grant Shapps announced that with immediate effect, they're suspending the requirement for homeowners to provide a Home Information Pack (HIP) when selling their homes.

Mr Pickles has laid an Order suspending HIPs with immediate effect, pending primary legislation for a permanent abolition. The swift action has been taken to avoid uncertainty and prevent a slump in an already fragile housing market. The announcement sends a clear message of encouragement to people thinking of selling their home, that they can put it on the market with less cost and hassle.

However the energy performance certificate (EPC) will remain being a requirement under EU law.

Bank of England Base Rate is 0.5% (last updated 10/02/11)- next update due 10/03/11

Thank you very much for your great service again!!

Mr M - Orpington

Read more testimonials of what our clients have to say

6th February 2012

d g s mortgage solutions ltd
84 Balham High Road
Balham
London
SW12 9AG

Tel: 0845 3626206
Fax: 0845 3626208

enquiry@dgsmortgages.co.uk