Hips delay 'may add clarity'

25-May-2007

In news which may be of interest to would-be first time home buyers, the recently announced delay to the launch of home information packs (Hips) has the potential to be a "good thing", it has been claimed.

According to David Collett, chairman of the Bespoke Hip Company, the delayed launch - which may affect prospective first time home buyers - will enable a greater period of time for preparation, in addition to providing greater scope for clarity.

The announcement to delay the launch of Hips was made on May 22nd.

"So from a consumer's point of view, I think [the delay is] a good thing and for the estate agencies managing their business, it's good to have a delay," said Mr Collett.

"At least they have given timelines now that will allow the battlefield to clear and the smoke to clear and to have greater clarity," he added.

Find out more about the house-buying process including stamp duty, home information packs and conveyancing click here.

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