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Conservatives will abolish HIPs

Shadow Housing Minister Grant Shapps has outlined his plans to abolish Home Information Packs, should the Conservative Party get elected into government.

The plans are revealed in the party’s Housing Policy Green Paper released today.

It is also proposing to use some of the proceeds from an annual levy on non-domiciled workers to exempt first-time buyers from paying Stamp Duty on homes under £250,000 – meaning nine out of every ten first-time buyers will not pay the tax.

Peter Bolton King, chief Executive of the National Association of Estate Agents welcomes the confirmation that they will abolish HIPs.

King says: “The NAEA has long called for HIPs to be abolished and I am personally pleased that Shapps has taken on board our point of view – a point of view shared by the vast majority of property professionals and, we believe, the vast majority of consumers.

“In our opinion HIPs became untenable once the government’s own statistics revealed that 77% of house-buyers paid no attention to them, and I would now call on Alistair Darling also to commit to scrapping them in this month’s Budget.”


BuildStore calls for self-build funding boost

Self-build specialist BuildStore is calling for more funding from lenders to help meet the demand for self-build, which would pull construction workers out of the dole queue.

Mortgage Times looks to recruit sales staff

Mortgage Times is embarking on a major recruitment drive which will see its sales team boosted with the addition of 20 business development consultants.

Life begins at…

By Fiona Holmes, proposition communications manager Having reached a certain age (it’s the new 40 by the way), I’m having to come to terms with the fact that my peers and I aren’t as immune from illness or death as we’d like to think. That’s the problem with 30 being the new 20 and 40 […]


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