News
18-Jan-08
A member of the Bank of England's Monetary Policy Committee (MPC) has hinted that he supports a cut to the base rate of interest sooner rather than later.Deputy governor of the Bank and MPC member Sir John Gieve hinted at his support for a reduction durin...
Market is stronger than it was in the 90s
18-Jan-08
We are not about to see a property price crash on the scale seen in the 1990s, according to one expert.CB Richard Ellis believes that prices will actually rise by around three per cent in 2008, reports the Telegraph.The firm is confident that prices will ...
Jobs stats won't postpone rate cut
18-Jan-08
The latest employment figures reveal that more people got themselves jobs in the three months to November 2007, but future projections point to less healthy times ahead.With this in mind, Dr John Philpott, chief economist at the Chartered Institute of Per...
Landlords receive tax returns reminder
17-Jan-08
People who own investment properties in London and elsewhere in the UK need to get their self-assessment tax returns in before the January 31st deadline.HM Revenue & Customs (HMRC) has warned landlords and other self-employed people not to miss the da...
London airport expansion will boost house prices
17-Jan-08
The value of properties close to London City Airport may increase as the hub expands.In the last 12 months, passenger numbers at the airport have increased by 23 per cent.However, although many people may see this as a negative thing for local homeowners,...
Brits overspend on home improvements
17-Jan-08
A quarter of Britons who carry out home improvement work underestimate how much the projects will cost.That is according to Halifax, which reveals that around one million people undervalue the expenses involved by approximately £4,500.It means that B...
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Print this articleCalls for Hips to be expanded further
15-Jan-08
FirstRungNow is calling for more information to be included in Home information packs (Hips).
The firm believes that Hips are beneficial to the market, particularly first-time buyers (FTBs), but is confident that they are not being used to their full potential.
With this in mind, the company is calling for more to be included in the packs so that buyers really begin to see the benefits.
"I would like to see more people put more information in and not just the bare minimum. In particular, the home condition report, which isn't compulsory, is a very useful addition to the Home information pack for first-time buyers," said Helen Adams, managing director of FirstRungNow.
"Also, any information related to bills and council tax; the outlays and costs, that can also help the first-time buyer budget.
"They [FTBs] really need to know what they are getting in to and they won't have to have the cost associated with buying them because they are not selling," she continued.
Hips became a mandatory part of the home-selling process for all properties in England and Wales in December.
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