HIPS to be Abolished?
As part of the agreement drawn up by the new coalition Government, Home Imformation Packs (HIPS) as to be abolished. The energy perofrmance certificates, that formed a part of a HIP, will be retained, as they are required under European Law.HIPs never really worked in that buyers rarely looked at them, and solicitors ofen refused to rely on the information they contained. We've long argued that they didn't work and just added to the cost of selling a home, so we're glad to see them gone.
Their removal should also have a positive effect on the supply of houses on the market. HIPS were a deterrent to the speculative seller.
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