Property News

Tuesday, November 07, 2006

Hips trial launched

The trial of the home information packs (Hips) scheme has been launched in six locations in England in an effort to make buying and selling of property simpler for those involved.

Each location testing the trial, which includes Bath, Cambridge, Huddersfield, Newcastle, Northampton and Southampton, has received a proportion of the £4 million in funding pledged to the Hips scheme by Housing Minister Yvette Cooper, earlier in the month.

Speaking to the BBC, Stephen Hayter, a chartered surveyor, said that "many" property buyers and sellers preferred to have information "early in the process" of a purchase. "It takes the emphasis away from the buyer and makes sure the seller puts information up front," he remarked.

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