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Home Information Packs which are also known as the HIPs are compulsory for the majority of properties in England and Wales being marketed. In 6 April 2009, important changes were made to HIPs meaning better information is now available as soon as a property is marketed.

The pack contain documents that provide the buyer with key information about the home and must be provided by the seller or the agent. It is against the law to market a property without one in England and Wales.

The home pack give buyers access to important information about the property at the beginning of the buying process without having to spend a penny. It is less likely that buyers will become aware of issues at the end of the process especially if they have the HIP includes the optional Home Condition Report. In theory the info pack will reduce delays and extra costs for both the buyer and the seller. However, the jury is still out.

 
What will HIPs deliver?
Frequently Asked Questions
  • Transaction Improvements by reducing the abortive costs to consumers and the industry as well as reducing the number of failed transactions caused by survey or valuation inspection finding. 
 
Independent Estate Agents will lose out
Home Inspection News
Local independent estate agents are running the risk of losing their independence when HIPs are introduced, says Hailstone, as new major corporate players enter the market in the wake of HIPs. The announcement by supermarket chain ASDA that they are to enter the home sales market and will give HIPs away free is a perfect example of what is likely to happen. In my view, local estate agents need to act now to protect their independence not wait until next year.
 
Mortgage lenders support HIPS
Home Inspection News
The CML welcomes the timeline that the Office of the Deputy Prime Minister has today published for implementing home information packs. The CML regards this as essential to enable the ODPM and the industry to work together to an agreed timetable, and to monitor whether progress is on track.

 
What will HIPs deliver?
Home Inspection News
  • Transaction Improvements by reducing the abortive costs to consumers and the industry as well as reducing the number of failed transactions caused by survey or valuation inspection finding. 
 
Should we fear home information packs?
Home Inspection News

In just over a year, the home information pack (HIP) will be part of every property transaction. The Government insists it will be better for the public - but criticism is mounting. Last week, the Conservative Party said it will oppose its introduction, and research by the National Association of Estate Agents shows that the public is beginning to have doubts.
 
Time to make the case for HIPs
Home Inspection News

Last week brought us possibly one of the most unedifying sights possible - the Conservative Party cosying up to estate agents. They have joined forces to slate the new government initiative to improve the house-buying process - home information packs (HIPs).
 
Send her packing Mr Prescott
Home Inspection News

The battle lines are drawn. On one side is deputy prime minister John Prescott. On the other is Kirstie Allsopp, the Location, Location, Location presenter better known for swooshing round properties in search of the perfect pad for hapless house hunters.

The battle is over Home Information Packs (HIPs), or sellers' packs as they were first called. Given Allsopp's mumsiness and sensible shoes, you wouldn't fancy Prescott's chances of winning.
 
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