Released on = June 12, 2007, 3:29 am

Press Release Author = Charlotte Burrows

Industry = Real Estate

Press Release Summary = Estate agents are reporting a sharp increase in the number
of properties coming on to the market as a result of the government\'s decision to
delay the launch of Home Information Packs (Hips).

Press Release Body = According to London estate agents Barnard Marcus, homeowners
appear to have welcomed the delay as an opportunity to get their homes on to the
market without having to fork out the extra costs for Hips - now due to be launched
in August.

\"After the government made its announcement on May 22, instructions surged 69 per
cent last week,\" said Vito Rausa from Barnard Marcus.

\"Hips will still be introduced on August 1st for properties with four bedrooms and
above and will eventually be phased in to include all properties.

\"So, while the government decides on the best way to introduce Hips, we have a very
healthy market.\"

Hips have come in for criticism from many in the housing market for the added
expense that they impose on homeowners - many of whom will already be
financially-stretched.

Julian King, director of National Homebuyers commented in May that: \"Ahead of the
planned launch of Hips, the number of instructions to sell properties rose for the
second month in succession, following directly on from the longest decline in seven
years.

\"Homeowners had been rushing to sell their homes before June 1st in order to avoid
having to pay the estimated £500 fee for a Hips Pack.\"

National Homebuyers is the UK\'s leading fast purchase property company that
purchases properties in any condition and any UK location without the need for a Hip
Pack when they may be introduced in August. They can be contacted on 0870 979 8118
or by clicking www.nationalhomebuyers.co.uk/index.asp.

Web Site = http://www.nationalhomebuyers.co.uk

Contact Details = Sterling House
20 Victoria Way
Burgess Hill
West Sussex
RH15 9NF
0870 979 8118
Fax: 01444 257333
info@nationalhomebuyers.co.uk