Home packs have "legal loophole"

A housing market body has said there is a "loophole" in the Home Information Pack (HIP) rules which could mean sellers escape having a pack.

The Royal Institution of Chartered Surveyors (RICS) said the rules allowed for sellers merely to have ordered a home pack when exchanging contracts

As a result, sellers, if they sold quickly, could do so without having a pack in place, RICS added.

But the government said the claim of a loophole was "nonsense".

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16 June 2007


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