Mortgages. Big Changes In The Buying And Selling Of Houses.
On June 1 st 2007, the law concerning the buying and selling of houses changes. From that date onwards everyone who wants to sell a house has firstly to prepare a Home Information Pack (HIP).
And if you don’t? You’re in the frame for a 200 fine! It’s also probable that estate agents will also insist on you having the Pack ready by the time they put your home on the market. Certainly, buyers’ solicitors won’t do a thing until you provide the Pack. All in all, you don’t have an option you’ll have to go along with the law.
So what has to go in the Pack?
The Government has yet to confirm the final details but at the moment, it proposes that your Pack must include the following information:
Search results from H.M. Land Registry
Replies to anticipated initial enquiries these are the currently raised by the buyer’s solicitor
Copies of any planning, listed building and building regulations consents and approvals. If you don’t have these, you’ll need copies from your Local Planning Authority
And for new...
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