Home Information Packs

Communities and Local Government written question – answered on 21st March 2007.

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Photo of Natascha Engel Natascha Engel Labour, North East Derbyshire

To ask the Secretary of State for Communities and Local Government what assessment she has made of the likely effect of the introduction of Home Information Packs on the operation of the housing market.

Photo of Yvette Cooper Yvette Cooper Minister of State (Department of Communities and Local Government) (Housing and Planning)

The home buying and selling process is slow, expensive and uncertain, as housing market research carried out over a number of years has consistently found. By making key information available to both buyers and sellers early in the transaction process it is expected that HIPs will lead to reduced transaction times, a reduction in wasted costs and more certain and transparent transactions. It is also anticipated that HIPs will pave the way for further, market-led changes that will bring substantial further benefits to consumers.

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