Wednesday, February 08, 2006

Home Builders Federation (HBF)want to "road test" Home Information packs

The Home Builders Federation (HBF) is today calling for a "proper trial" of Home Information Packs to ensure that they deliver the consumer benefits that are intended.
Commenting on plans for compulsory Home Information packs to be introduced in June 2007, Stewart Baseley, Executive Chairman of the HBF says:
"We simply do not know what impact Home Information Packs will have on the housing market. While no-one could object to seeking improvements to benefit consumers, the cost of these packs could result in fewer homes coming on to the market. In the context of the current housing shortage, this would damage consumer interests most of all.
"I urge the Government to conduct a proper trial to road-test the packs. We need to ensure that consumers do not become the unintended losers of a scheme set up to serve their interests."
Stewart Baseley’s comments are made on the day that a group of estate agents, chartered surveyors and solicitors - representing over 1,650 offices in England and Wales - call for the Government to drop plans to introduce Home Information Packs. The Group states that the packs will be "detrimental to the consumer; could dislocate the property market and will fail to significantly improve the home buying process."
Last week, the Council of Mortgage Lenders published an open submission to the Government on the issue. "We conclude," it stated, "that there will be additional transaction costs for consumers as a result of Home Information Packs and that the industry is not confident that the process will be completed efficiently and cost-effectively

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