Myths of Home Information Packs (HIP)
If you prefer you can quite routinely order these ‘extra’ searches via your HIP provider.Many conveyancers have reduced their costs associated with the buying and selling process due to the Home Information Pack being immediately available as this has reduced the time they required; though some, not surprisingly have not.6. Home Information Packs are added bureaucracy and do not hold any importance.We have often read and hear that the only document contained within the HIP of any interest to the buyer is the Energy Performance Certificate. The EPC shows good relevant information in a user friendly format the energy efficiency of the property.Whilst there are plans to increase the added ‘usefulness’ of the information to the prospective buyer through various methods including the Property Information Questionnaire; the existing documents importance must not be disregarded. As stated above many of the documents within the Home Information Pack have always been required and considered essential by conveyancers though may not make particularly interesting reading to the home buyer.7. Home Information Packs must be bought via an estate agentEstate agents can arrange your Home Information Pack quite routinely on behalf of you, though it is quite unlikely that they are preparing the documentation in-house. Most agents have connections with a specialist provider who will prepare the Home Information Pack.As is common, not just in this market; going direct and commissioning a Home Information Pack direct from a HIP provider may save you money.8.Pages: 1 2 [3] 4
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08.02.2010
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