The government has announced that is will be taking action in a bid to make
selling homes and trying to
find a mortgage easier in the
UK .
While releasing the detailed content of the
home information packs, ministers set out a new
strategy aimed at stopping the £350 million wasted by
buyers and sellers every year.
The aim of the packs is to provide greater transparency for sellers and buyers who are looking to find a
mortgage .
Officials hope that the packs will make it easier for buyers to ensure they are fully aware of all aspects of the
property before taking out a mortgage, including information about the condition and
energy efficiency of the property.
Yvette Cooper,
housing minister, said "For too many people, buying or selling their
home is still a real nightmare, with long delays and duplication. People should be entitled to proper information at the beginning of the process."
The government will bring the home information packs in as a compulsion from June 1st 2007, although recent research conducted by polling
company ICM revealed that 64 per cent of UK residents are not aware of them.
