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Home Information Packs go-live date announced

By: Language: English Series: ODPM News Release ; (2005/0233) 17 November 2005Publication details: 2005Subject(s): Online resources: Summary: Home Information Packs (HIPs) which the UK government is introducing to reform the home buying and selling process, will become mandatory from 1 June 2007. HIPs will significantly reduce the number of failed sale transactions. A HIP is expected to cost around £600+VAT for the average home. Most of the transaction costs are currently paid by the buyer
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Journal article Virtual Online ONLINE PUBLICATION (Browse shelf(Opens below)) 1 Available 131611-2001

Home Information Packs (HIPs) which the UK government is introducing to reform the home buying and selling process, will become mandatory from 1 June 2007. HIPs will significantly reduce the number of failed sale transactions. A HIP is expected to cost around £600+VAT for the average home. Most of the transaction costs are currently paid by the buyer