Released on: September 7, 2007, 8:23 am

Press Release Author: Charlotte Burrows

Industry: Real Estate

Press Release Summary: Home information packs (Hips) are to be introduced to the
home selling process for properties with three or more bedrooms.

Press Release Body: The packs, which are already mandatory when selling a house with
four or more bedrooms, are to be expanded from September 10th.

It means that anyone with a property of this size will need to fork out for a Hip
before putting their property on the market.

Communities minister Baroness Andrews announced the news by saying: \"We are now
ready to start rolling out Hips and EPCs [Energy Performance Certificates] to the
next part of the market as promised and improve a home buying and selling process
which currently is not working for consumers or the environment.\"

Critics of the packs claim that home sellers will be put at a disadvantage as they
will have to pay for the packs which cost in the region of £500.

With the announcement that Hips will be mandatory for properties with three or more
bedrooms by September 10th, many homeowners will be looking to make a quick property
sale.

National Homebuyers is the country\'s leading \'sell home fast\' organisation,
purchasing thousands of properties from homeowners who need a quick sale. Director
Julian King says: \"As we are direct to the vendor, we are able to purchase
properties without the need for a Hips pack in place.

\"In July we saw a huge increase in the volume of business we were conducting.

\"This is partly because homeowners were either confused about or unwilling to shell
out for a Hips pack. We predict a similar situation in the coming few weeks as home
sellers look for alternative, cost effective ways of selling their house quickly\".


Web Site: http://www.nationalhomebuyers.co.uk

Contact Details: Sterling House
20 Victoria Way
Burgess Hill
West Sussex
RH15 9NF
0870 979 8118
Fax: 01444 257333
info@nationalhomebuyers.co.uk