Land Registry announce massive cuts

Posted by Hesham Sabry Dec 16th, 2009, in Commercial property update

The Land Registry wants to axe 1,500 posts – about 25% of its workforce – as part of a five-year plan to cut costs.

The registry believes the closure of five regional offices in Croydon, Peterborough, Portsmouth, Stevenage and Tunbridge Wells will also help save £92m a year. (more…)

HIP Replacement

Posted by Hesham Sabry Apr 6th, 2009, in Commercial property update

From 6 April 2009 there will be some key changes being made to the Home Information Pack (HIP) requirements relating the to the sales of homes in England and Wales.

1. A HIP must be available on the first day a property is marketed
2. A Property Information Questionnaire, completed by the seller, must be included in the HIP

For the uninitiated, a HIP is essentially a collection of key documents which must be compiled by the seller of a property to assist potential buyers. (more…)