Draft laws on HIPs rumoured to be published today

Reports in The Times today say that deputy prime minister John Prescott will today finally publish draft laws on home information packs.

From Spring 2007 anyone selling a home will have to provide potential buyers with a HIP, which will include evidence of ownership, local authority searches and a new home condition report before they can sell their property.

The predicted cost of providing a pack is expected to be around 1,000.

The plan has been slammed by the Liberal Democrats who say the scheme will be a breeding ground for cowboys and that buyers will not trust a pack paid for by the seller.