[an error occurred while processing this directive]
BBC News
watch One-Minute World News
Last Updated: Thursday, 18 November, 2004, 05:26 GMT
Home sellers' packs to become law
Estate agent boards
The packs are designed to speed up the home-buying process
Home sellers' packs aimed at speeding up the home-buying process in England and Wales will become law on Thursday.

They will force sellers to have surveys and local authority searches done before putting properties up for sale.

But critics say Home Information Packs, which will cost about 600, could go out of date before properties are sold and are a waste of money.

The Housing Bill comes into force on Thursday, but the seller's pack will not be compulsory until 2007.

Pilot schemes are due to start in 2006.

The government says the Housing Bill will "help the most vulnerable and help create a fairer and better housing market".

Hundreds of millions of pounds are wasted each year when sales fall through before contracts are signed.

'Through the wringer'

Housing Minister Keith Hill told MPs on 8 November: "Hundreds of thousands of people every year are put through the wringer because of the inadequacies of the current system."

The Commons overturned peers attempts to make the packs voluntary - Mr Hill argued sales chains could be disrupted if one seller did not use them.

But some professional bodies representing lawyers and estate agents are sceptical about the packs' merits and "shelf life".

They say parts of the pack, such as local authority title searches and home condition reports, could soon go out of date.

Peter Bolton-King, chief executive of the National Association of Estate Agents, warned that the cost could put people off selling their homes.

But, Which?, formerly the Consumers' Association, supports the packs, arguing they will increase transparency and cut the time it takes for a house sale to go through.

MPs reinstate home-sale pack plan
08 Nov 04 |  Politics
Home-buying pack law draws closer
20 Oct 04 |  Business
Home-buying pack 'aids crime'
05 Jul 04 |  Business
Estate agents warned over service
23 Mar 04 |  Business

The BBC is not responsible for the content of external internet sites


News Front Page | Africa | Americas | Asia-Pacific | Europe | Middle East | South Asia
UK | Business | Entertainment | Science/Nature | Technology | Health
Have Your Say | In Pictures | Week at a Glance | Country Profiles | In Depth | Programmes
Americas Africa Europe Middle East South Asia Asia Pacific