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Home Information Packs

Volume 448: debated on Tuesday 4 July 2006

28. To ask the Secretary of State for Communities and Local Government what assessment she has made of the value of a home information pack to a buyer attempting to get a mortgage. (81886)

First-time buyers will receive home information packs for free, because they transfer costs from buyers to sellers.

In addition, we would expect most people to see cuts in the cost of valuations as a result of the Home Condition report, as well as swifter mortgage offers where people do not have to wait for a survey. These issues will be examined further as part of the dry run.