No 10 confirm fines for home sellers marketing without HIPs today

24th February 2009

No 10 Downing Street has today issued an official response to an Anti-Home Information Pack Petition lodged by former president of the National Association of Estate Agents, Trevor Kentand signed by 1694 members of the public.

 
In their response, the government has confirmed that from 5th April, should a home-owner place their property on the market for sale, even if they have paid the average 350 for their Pack on day one, they will be committing an offence if they put a sign up, advertise it or even mention it to be for sale until part of the Pack has been both completed and returned to them.  Fines, policed by Trading Standards Officers, are set at 200 a day if they are caught.
 
The response http://www.number10.gov.uk/Page18363 clearly explains that the basic Home Information Pack must be in the seller's hands before marketing can legally begin even after payment. Downing Street concede in the response that this delay will always be a minimum of 3/5 days.
 
Trevor Kent, a practicing estate agent and long-term critic of HIPs says "I am sorry, but estate agents know that the average return time for a HIP is currently more like 7 days for a simple property and twice that for non-registered and Leasehold homes.  Furthermore, these delays are without the additional complicated PROPERTY INFORMATION QUESTIONNAIRE which is to be added to the basic HIP from April 5, and which has not even been trialed yet, some sellers will wait weeks". 
"Not content with presiding over an estimated 20% fall in the value of our homes, 75,000  of them about to be repossessed, and half a million owners sleepless at night over the possibility of losing their homes, the government charge sellers for a sales pack no one looks at, and fines them if they try to find a buyer on day one without one", says Trevor Kent, "this goes beyond  Double Whammy, past kicking owners whilst their down and into the realms of sadistic torture. They must relent and, at the least, continue to allow marketing to begin as soon as the HIP is ordered,  but preferably scrap the whole damn lot".
 
END
 
Trevor Kent is former President of the NAEA
and a property commentator for 20 years. He is based in South Bucks.
01753 885522
ISDN Radio quality available 
 
Trevor Kent's original petition to No 10 Downing Street
 

 

Trevor Kent Estate Agency Website Email Trevor Kent

Trevor Kent