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Government says HIPs are reducing costs - October 2007

Home Information Packs proved highly controversial while they were being developed over the last few years and the arguments are still raging even though they have now come into force.

HIPs have been compulsory for anyone selling a four bedroom house since 1st August and for three bedroom houses since 10th September. They’re designed to speed up the process by obliging the seller to provide potential buyers with key information right at the outset.

Consequently HIPs must contain specified documents such as an energy performance certificate rating the property’s energy efficiency and the results of standard searches.

Critics say the system was rushed through too quickly leading to difficulties right at the outset. There were some problems with energy assessors filling out forms incorrectly which then had to be corrected. Some local authorities have also been accused of being slow or even obstructive over searches.

However, the Department for Communities and Local Government says it has ironed any difficulties and the system is already providing benefits such as reducing costs and improving transparency in the housing market. A spokesman said that more than 85 local authorities have reduced their search costs, in some cases by more than £100, and the average pack is taking only five days to compile.

The Energy Performance Certificate is one of the main features of HIPs and the Government believes they are already producing results. Communities Minister Iain Wright said families buying three and four bedroom homes “are getting clear information which shows how they can save hundreds of pounds on their fuel bills and cut carbon emissions too.” 

The Government plans to extend HIPs to the rest of housing market when more energy assessors become available.
 
Please contact us if you would like more information about Home Information Packs. 

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