Home Reports: An update

I have been asked a few times over the last couple of weeks about when Home Reports in Scotland are being abolished.  As you may be aware the Coalition Government have now abolished HIPs in England and Wales.   This does not affect Scotland. My information is that the Scottish Government is still very much committed to the Home Reports and that there will be no change.  Given that it was a Labour/Liberal Coalition Government that brought them in and that the SNP are very supportive, I cannot even see the Scottish Elections in 2011 making any difference. 

The points I would like to stress, however, are as follows:-

  1. Costs do vary – cheapest is not always best!  Name and reputation of the firm of surveyors that are instructed might have an impact on the saleability and sale price achieved for your property.  Always speak to your property adviser about this.
  2. There are a number of deferred payment options available, the most common being to only pay when your property sells or after 9 months of your property going on the market, whichever is earlier.  There are, however, new insurance policies and no sale – no fee options. 
  3. Blackadders is currently running a special offer for properties in the Angus area with nothing to pay for the first 3 months.
  4. We run a number of offers throughout the year and you should ask your property adviser for more details.

I hope that this clarifies matters and should you have any queries please do not hesitate to contact me, either through this blog, via email (lindsay.darroch@blackadders.co.uk) or on the telephone (01382 229222).  I shall keep you updated should there be any change in the Home Report situation.

HIPs: The end of the road?

Now that the new Coalition Government has settled in, I was interested to note that one of the first steps that has been proposed is to repeal the Home Information Packs.  The details are still a bit unclear and it may be that the HIP is being repealed down south with the Energy Performance Certificate being retained.  This proposal is a welcome step and this shows that the Government can change policy and we have to hope that the Scottish Government sees sense and takes steps to repeal the Scottish version.

As a market overview, there has been a recent article in the Daily Express indicating big rises in house prices.  Whilst there is definitely an increase in activity, the numbers of properties changing hands are still well below 2007 levels meaning that there is huge scope for distortion of the figures.  My feeling is that the housing market is moving along the road to recovery and that the fundamentals for the UK house market are still good, that is, stable property market, increasing demands and lack of supply.  Although there is still a problem with bank lending especially to first time buyers.  The housing market still requires to be encouraged by the UK and Scottish Governments and it would be a big benefit if the Sellers’ Survey was abolished in Scotland.