Newspaper article The Journal (Newcastle, England)

Inspection Pack Deadline under Attack

Newspaper article The Journal (Newcastle, England)

Inspection Pack Deadline under Attack

Article excerpt

The introduction of home information packs was set this week for June 1, 2007, despite fears that the market could be disrupted in its busiest season.

The date was criticised by the Council of Mortgage Lenders, which said sellers would flood the market before then in order to avoid paying up to pounds 1,000 for the packs.

The packs will include documents on the condition of the home and could eliminate the need for buyers to carry out surveys. The CML said: "The timing of the introduction will coincide with the housing market busy period, and could result in some unwelcome effects during the transition to the new regime."

It said that the period between October 2007 and January 2008 would be the best time for the system to be enforced.

However, the Government said it had weighed up various views from across the industry in deciding on the date and believed it represented the "best balance".

The Office of the Deputy Prime Minister said it would provide certainty to organisations drawing up the packs and those training as home inspectors. …

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