The Daily Telegraph carried an interesting story on Home Information Packs this morning in which is suggested the Conservative Party was looking to replace the HIP with an Exchange Ready Pack. Though it is fair to say the article contains no quotes from Grant Shapps or his office, the appearance of such an article in a national newspaper with no input from the Association of Home Information Packs, should in my view be viewed as significant.
The article by Caroline McGee written on the second anniversary of the full roll out of the HIP opens as follows:
‘Is our relationship with the (Hip) almost over before it has really begun? Shadow housing minister Grant Shapps has vowed to abolish the compulsory seller’s pack within weeks of coming to power, and replace it with a more robust 'ready pack’ that will include a draft contract and other legal documents’.
Better still the article actually includes a quote from an estate agent who appears to be given his full support to the idea:
“If your solicitor is away and the junior is on a sabbatical, then the litmus test is that the office cleaner can send out a complete package of documents within an hour,” says Trevor Abrahamsohn of estate agents Glentree in Hampstead, where multi-million houses are staple fare and thoroughness is important. “This will speed up the conveyancing process and minimize gazumping during the vulnerable period between agreement and exchange. It will rejuvenate the market.”
Encouragingly this is the first time I have seen a national paper write an article advocating quite independently of any pressure group the benefits of an ‘exchange ready offering’. As to whether we will now begin to see Grant Shapps publically lending his support to this credible proposition only time will tell.
For further information on Exchange Ready Packs see my article: http://bit.ly/33c61e
The article by Caroline McGee written on the second anniversary of the full roll out of the HIP opens as follows:
‘Is our relationship with the (Hip) almost over before it has really begun? Shadow housing minister Grant Shapps has vowed to abolish the compulsory seller’s pack within weeks of coming to power, and replace it with a more robust 'ready pack’ that will include a draft contract and other legal documents’.
Better still the article actually includes a quote from an estate agent who appears to be given his full support to the idea:
“If your solicitor is away and the junior is on a sabbatical, then the litmus test is that the office cleaner can send out a complete package of documents within an hour,” says Trevor Abrahamsohn of estate agents Glentree in Hampstead, where multi-million houses are staple fare and thoroughness is important. “This will speed up the conveyancing process and minimize gazumping during the vulnerable period between agreement and exchange. It will rejuvenate the market.”
Encouragingly this is the first time I have seen a national paper write an article advocating quite independently of any pressure group the benefits of an ‘exchange ready offering’. As to whether we will now begin to see Grant Shapps publically lending his support to this credible proposition only time will tell.
For further information on Exchange Ready Packs see my article: http://bit.ly/33c61e
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