HIPs scrapping backed by leading law firm Wright Hassall

May 20, 2010 - PRLog -- An industry expert has reacted positively to the news that the newly formed coalition government has suspended the use of Home Information Packs (HIPs) by home sellers with immediate effect.

Homes marketed for sale from May 21 will now no longer require one of the packs.  

They were introduced in England in 2007 with the aim of speeding up the process of selling houses and required home owners to provide much of the required conveyancing information when properties are first put up for sale.

The Conservative and Liberal Democrat coalition Government has, however, decided to axe the packs, which were paid for by sellers and included basic property information and copy title.

The Government has decided to retain Energy Performance Certificates (EPC), originally introduced to help meet EU targets to reduce carbon emissions,
which rate the energy efficiency of a property.

Chris Meredith, head of residential property at Warwickshire law firm Wright Hassall Solicitors, has welcomed the decision to abolish the controversial packs.

“HIPS have done nothing to speed up the process for people selling or purchasing homes,” he said.

“They have added little to the conveyancing process and, I think it would be fair to say, have been a substantial waste of money for a lot of people concerned.  

“I’m sure our clients will be pleased to lose this cost element of the home selling process and it will be refreshing to revert back to where we were before the packs were introduced although of course we will continue to offer the provision of an EPC to our clients.”

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