Coalition government scraps Home Information Packs

May 20th, 2010

Typically costing between £300 and £350, Home Information packs have provoked much anguish and debate from house sellers over the past few years. Introduced in England and Wales in 2007, their aim was to provide potential buyers with conveyancing information and to speed up the process of selling a house. They contain property information, local searches and title deeds and are paid for by the seller. From the 21st May 2010 the requirement for packs will be suspended and legislation is expected to be passed for them to be outlawed completely. House buyers will now have to carry the burden of paying for searches from local authorities and search companies.

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