Hips legislation criticised
Moneysupermarket.com has suggested that the new Home Information Pack (Hip) legislation due to be brought in could be a further hindrance to the mortgage market.
The rules state that every property put up for sale must have a Hip in place - something that the price comparison website believes will make the housing industry more fraught with paperwork and regulations.
Commenting on the law, moneysupermarket.com head of mortgages Louse Cuming seemed disenchanted.
"This is one nuisance the mortgage market could do without," she said. "The new legislation will add more hurdles to be cleared before marketing your house."
Ms Cuming went on to point out that the three to five days processing time for Hips serves to delay the sale of a home and questioned the point in adding further complexity to the situation.
The mortgage expert suggested that many buyers do not even read through the paperwork before viewing a home.
Hips must include an energy performance certificate that evaluates the efficiency of a home.
The papers include details on things like double glazing and conservatories.
House prices 'could rise again'
Those who choose to improve rather than move could see the benefits in the future if predictions made by a new property website come to pass.NewHomesForSale.co.uk believes that the lack of residential developments being built could...
Brochure
Would you like some more information on our conservatories? Order a copy of our brochure online today or call
Gallery
View either our residential gallery or our commercial gallery or view a number of our conservatory case studies.
