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Thursday, 20 May 2010

HIPs Scrapped From Today

The new government has suspended the use of Home Information Packs (HIPs) from today. From now, just the energy performance certificate will be requireed and will need to be produced by a seller within 28 days of them putting their house on the market.

In our opinion, HIPs never tackled the real issues in the housing market that they were supposed to address and instead, they were just another expense and major block for people wanting to sell their house. They also helped to restrict the supply of property, thereby even forcing up prices.
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