HIPS

From 1 June 2007, anyone selling a property must provide the potential buyers with a Home Information Pack. This is a set of documents providing important information about a property including energy efficiency, searches and evidence of title. The government will also be encouraging sellers to provide a new document called the Home Condition Report.

Estate agents marketing homes will require Home Information Packsto belong to an approved redress scheme. This means more peace of mind and a better standard of service for customers. The vendor is responsible for producing a HIP only until they instruct an agent. From that point forward the agent is responsible.

10 January 2007

The information contained within this article was correct at the date of publishing and is not guaranteed to remain correct in the present day.

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