Call for new review of home packs

Posted by admin on 27 August, 2008 under Business news | Be the First to Comment

A review of Home Information Packs (Hips) is needed given the housing market slowdown, estate agents say.

Local searches are a requirement in the packs, but the National Association of Estate Agents (NAEA) says they are out of date by the time a property is sold.

It wants a simpler pack, but the government says that the system is bringing benefits to consumers.

The packs – which are compulsory in England and Wales – are aimed at preventing sales falling through.

‘Wrong answer’

The NAEA wants a new slimline pack just to include a sellers’ questionnaire, an Energy Performance Certificate, and the Land Registry title and plan.

“With the economic situation worsening and the property market still suffering, we are calling on the government to take urgent action on Hips,” said Peter Bolton King, chief executive of the NAEA.

“We have long seen Hips as not fit for purpose and as the wrong answer to simplifying the house buying process.”

But a Department of Communities and Local Government spokesman said that the packs were bringing benefits to consumers by providing information to help families cut their fuel bills and carbon emissions, as well as cutting the price of property searches.

“First-time buyers are also receiving the information in the Hip for free, helping to reduce costs for households looking to get on to the property ladder,” he said.

The Conservatives say they will scrap the packs if they came to power.

“Independent analysis has repeatedly shown that Hips provide no benefit to a struggling housing market. They hamper, not help, just adding another layer of bureaucracy and another extra cost,” said shadow housing minister Grant Shapps.

News reported by The BBC

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Ministers have ‘frozen’ housing

Posted by admin on 12 August, 2008 under Business news | Be the First to Comment

David Cameron has attacked the government for a “completely reckless” briefing that stamp duty could be axed temporarily to boost house sales.

“Far from freeing up the housing market, they have actually frozen it,” the Conservative leader told reporters.

He is holding talks later with the National Association of Estate Agents (NAEA) – a body he claims the government has refused to meet.

It comes after Alistair Darling refused to rule out changes to stamp duty.

Estate agents have already warned that uncertainty over the government’s policy on the tax could cause people to delay buying houses.

Leak inquiry?

Speculation was fuelled by a report in last Tuesday’s Sun newspaper that the government planned to offer a holiday from stamp duty payments to revive the flagging sector.

When tackled about the story on Wednesday’s Today programme, the chancellor said a “number of measures” were being considered – but the government had come to no conclusions.

The Treasury later issued a statement saying: “Recent news stories suggesting the government has put forward a proposal on stamp duty are simply wrong. These stories are based on speculation.”

“Their decision to brief out the possibility of a stamp duty holiday was completely reckless” David Cameron Conservative leader

According to some reports, the original briefing came from Downing Street and was aimed at undermining Mr Darling – something firmly denied by Number 10.

Mr Cameron, who has returned to the political frontline, following a holiday in Cornwall, said the debacle showed the government was more interested in “press handling and headlines than what is in the best interests of the country”.

He urged the government to adopt the Conservatives’ plan to abolish stamp duty for nine out of 10 first time buyers.

“When it comes to the crisis in our housing market they seem intent on making things worse rather than better,” he said.

North East tour

“Their decision to brief out the possibility of a stamp duty holiday was completely reckless – far from freeing-up the housing market they’ve actually frozen it.

“Have they even got a leak inquiry to find out how this was briefed out? I think not. I think they know exactly where it came from.”

Mr Cameron, who will tour marginal constituencies in the North West of England before resuming his summer break with a holiday in Turkey next week, is set to meet with housing trusts, city economists, academics and house builders to discuss the property market.

The group will look at the mortgage market, repossessions and the housing supply, he said.

“We won’t be announcing any conclusions today. We won’t be briefing out thoughts today. This is a seminar to look at the issues – it’s to engage with the experts to help us develop our policies.”

‘Unacceptable’ behaviour

He refused to repeat a claim by shadow foreign secretary William Hague that the Conservatives were the “likely winners” of the next general election, stressing that there was no “complacency” in his team.

“I never use those words because the election is up to the members of the public to vote and you can’t make any presumptions about the way they are going to,” he said.

He also condemned the “completely unacceptable” behaviour of Ian Oakley, a Tory general election candidate for Watford, who admitted a campaign of harassment against his Lib Dem rivals.

The Liberal Democrats have urged him to investigate the “vile campaign” by Oakley, who quit the party following his arrest.

Oakley, 31, of Ryeland Close, West Drayton, north west London, appeared at St Albans Magistrates Court last week to admit five counts of criminal damage and two of harassment against Liberal Democrats.

He asked for 68 other offences to be taken into account. He is due to be sentenced in September.

Miliband praise

The monthly briefing comes as ex-local government minister Nick Raynsford accused Labour of being in a “deep hole” and warned that attempts to “buy” support would only invite contempt.

Writing on newstatesman.com, Mr Raynsford accused the government of a “frantic search” for vote-winning ideas.

He failed to mention Gordon Brown, but praised the call by Foreign Secretary David Miliband to “start winning the argument over our record”.

Mr Miliband fuelled speculation over the Labour leadership when he penned an article two weeks ago calling on colleagues to have the confidence to make their case afresh – but without making a reference to the prime minister once.

The prime minister, who is on holiday, is expected to launch a fightback in September.

News reported by The BBC

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