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Latest news on HIP's from the Office of the Deputy Prime Minister - 11/04/2006

The Office of the Deputy Prime Minister (ODPM) recent update on progress with regards to Home Information Packs (HIP's) indicates that somewhere between 5,000 and 7,400 Home Inspectors will be required to carry out over 1.4 million Home Condition reports each year. From August this year, the first certification schemes to ensure that the work of Home Inspectors meets tough Government standards will be approved. These schemes will then begin to operate from around October 2006 with Home Inspectors able to register the Home Condition Report and deliver authorised reports to consumers. From January 2007, lenders will be able to acquire Home Condition Reports electronically from a register and use them for valuation assessments as part of their lending decisions which we hope will move forward the cost saving idea where one report be commissioned that will combine the Home Condition Report and Mortgage Valuation. In January next year, the marketing campaign will start on a grand scale with advertising in trade and online media designed to raise awareness of the new arrangements. The campaign will then move on to educate homeowners and first time buyers so that they know how to commission and use the information provided within the pack.

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