Paul Broadhead, deputy director-general of AHIPP, said delaying the end of first day marketing would allow HIPs to settle into the market properly.
As it stands, first day marketing rules will end on 31 December, meaning that from the New Year, all packs will be required to contain a sales statement, Energy Performance Certificate, Land Registry title and Land Registry plan.
Broadhead said:
“If the government was to extend first day marketing past 1 January 2008, for a limited period, this would seem a sensible approach while the fully rolled out system beds down. However, this should only be a temporary measure. For HIPs to do their job properly, all the information must be made available to potential buyers from the offset.
In the long term, rather than halt house sales, HIPs will aid the house buying and selling process, ensuring a more efficient and more transparent system for all involved.”
Alan Dring, sales director of eConveyancer, said: “At this time, because of all the indecision over the introduction of one and two bed properties, it is a common sense approach to the situation to delay the end of first day marketing. It will help in an uncomfortable market.”
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