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Proceeding contribution from Yvette Cooper (Labour) in the House of Commons on Wednesday, 16 May 2007. It occurred during Legislative debate on Housing.


Housing

My hon. Friend is right to say that there will be savings throughout the process. He also refers to upfront costs, and many providers are already saying that they would charge at the end of the process, not at the beginning, and that they would offer no-sale, no-fee deals. A couple have said that they would provide HIPs for free. As he is right to point out, most of us buy and sell a home at the same time, so the transfer of costs from the buyer to the seller will not make any odds to us. The people who will really gain will be first-time buyers. Currently, if a sale falls through, they might have to pay for searches on a series of different properties. In future, they will get that information for free. It is right that we should help first-time buyers in that way.


Secondary information

Type
Proceeding contribution
Reference
460 c641-2 
Session
2006-07
Chamber / Committee
House of Commons chamber
Subjects
Costs Climate change Competition Housing Inspections Environment protection Energy Documents Grants Fuels EU action Home information packs Judicial review Gazumping Local government Pilot schemes Property transfer Loans Staff Valuation VAT Surveying Housing market First time buyers Carbon emissions Royal Institution of Chartered Surveyors Energy performance certificates
Legislation
Home Information Pack Regulations 2007
Link
View this Proceeding contribution on www.publications.parliament.uk