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

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