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Now Labour makes it even HARDER to sell your home (just as buyers
finally return to the market)
Becky Barrow
UK
Daily Mail
Tuesday, Dec 09, 2008
In a move which triggered a furious backlash, Ministers
have tightened the rules on the widely-condemned Home Information
Packs.
They will now have to be available on the very first
day a house goes on sale, rather than 28 days later.
And they have been made even more complicated with
the addition of a six-page questionnaire.
Experts described the rule changes to the £300 packs as
'absolutely farcical' and 'utterly bonkers'.
The shock announcement by Housing Minister Margaret
Beckett was said to show 'a complete lack of understanding' of
the paralysed property market.
(ARTICLE CONTINUES BELOW)
Experts said homeowners already desperate to sell,
such as young couples starting a family who need a bigger home,
will be horrified that it could become even more difficult.
Those waiting for a better time to put property
on the market could be further deterred.
By a bleak coincidence, the bad news on HIPs came
as the Royal Institution of Chartered Surveyors offered a glimmer
of hope for the housing market. RICS said continuing price falls
had finally sparked a small increase in expressions of interest
from potential buyers - the first for two years.
But the decision to tighten the HIPs rules enraged
the industry. Experts said it ran completely counter to other
policies such as pumping billions of taxpayers' money into the
banking system, Gordon Brown's mortgage bailout pledge and stamp
duty holiday schemes.
Ministers claim research on 16,000 transactions
showed they were completed up to to six days earlier when a HIP
was available.
Full
article here
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INFOWARS:
BECAUSE THERE'S A WAR ON FOR YOUR MIND
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