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Home sellers with no HIP will face £200 fine

Failing to provide a Home Information Pack could land house sellers with a £200 fine under rules that come into force on Monday.

Owners may also be sued for providing inaccurate information, even if the prospective buyer doesn't go ahead with the sale.

Yesterday Conservative MPs and property lawyers criticised the Government's decision to go ahead with the HIPs.

There are fears the increased red tape could hamper any recovery in the property market.

From next week sellers will be unable to put their homes on the market without a completed HIP. They also have to fill out a Property Information Questionnaire.