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Quick House Sale Guide >> House Sale News >> Delay to the Introduction of Home Information Packs
Delay to the Introduction of Home Information Packs
Home Information Packs (HIPs) contain information that is useful for a potential buyer. The responsibility and cost falls to the seller. Everyone who puts their property up for sale in England and Wales will eventually be obliged to produce a HIP and failure to produce one may lead to a fine.
Home Information Packs are being introduced to, in theory, make the process of buying and selling a house quicker and easier. HIPs will contain copies of title deeds, any recent planning permission or building consent given on the property, a local area search and an energy performance certificate.
Hips were meant to become compulsory for all houses put on the market from 1 June onwards, but Communities and Local Government Secretary Ruth Kelly recently announced that the introduction has been pushed back. Now, from 1 August, only four-bedroom homes will have to have a HIP.
Sellers can expect to pay in the region of £400 to £700 for a HIP.
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