Press Release Summary: For a while home information packs have appeared to drop off the radar, following the final implementation of them as a home-seller\'s requirement in December for small homes.
Press Release Body: For a while home information packs have appeared to drop off the radar, following the final implementation of them as a home-seller\'s requirement in December for small homes. But this week has seen all that change, something that may concern those looking to invest in property as they wonder how a shifting situation may affect their buying and selling requirements. For one, housing minister Caroline Flint has now made it clear the government is willing to consult further on reform to the system concerning what elements the packs contain. This news was welcomed today by the chief executive of the National Association of Estate Agents (NAEA), Peter Bolton King. He said: \"We have always maintained that in their present state, they [Hips] are of little use to either seller or buyer and therefore we embrace the opportunity to come up with a package that includes real benefits to the customer and will actually assist the buying and selling process - after all, that was the original intention of this legislation.\" If this could not be achieved, said Mr Bolton King, the whole scheme should be scrapped. Meanwhile, the government has announced that another aspect of the roll-out has been delayed. At present, a Hip does not actually have to be in place when a house goes on the market, but must be by the time of sale. This was due to change on June 1st, but the government has now decided to postpone this until the end of the year. The Conservatives, still opposed to Hips, seized on this news, with shadow housing minister Grant Shapps, arguing: \"This latest Hips delay is the third time that the Government has had to admit that this botched initiative can never work. The time has surely come for [Gordon] Brown to do one of his famous U-turns and scrap Hips once and for all,\" the Press Association reports. With Mr Shapps going on the offensive over the move this may not have been the best time for advocates of Hips to try to get the party to change its policy on the matter. Yesterday Mr Shapps was at a review on the issue of housebuying organised by the Conservatives, to which various estate agents and property industry representatives were invited. These included Mike Ockenden, the director general of the Association of Home Information Pack Providers. While this may have given Mr Ockenden a chance to have his say and seek to change perceptions about Hips, whatever he said appears not to have made much impression on Mr Shapps. Those wondering how Hips may affect them may therefore regard the issue in three parts. Firstly, it can now be known for sure that the requirement to have a Hip before a property goes up for sale is an issue that can be averted for a few more months. Beyond that, it is in the second part a case of watching and waiting to see what happens with any reforms to Hips. Beyond that the third question is whether a change of government at an election which can take place no later than mid-2010 will occur, leading to the abolition of the whole scheme. In today\'s world Property investment is an excellent investment option especially investment in UK
2022
