HIPs – RIP
In case you missed it, the Secretary of State for Communities & Local Government yesterday signed an order to suspend the mandatory requirement for Home Information Packs under Section 162 of the existing regulations, with effect from 21st May 2010. HIPs are expected to be formally scrapped in the budget.
Homes marketed for sale on or after 21 May 2010 will no longer require a Home Information Pack (HIP). The Energy Performance Certificate (EPC) will be retained. Sellers will still be required to commission, but won't need to have received an EPC before marketing their property.
So far, only MDA Searchflow has commented on their demise with managing director Andrew Lloyd stating “Following the clear manifesto pledges from both coalition parties, this has not come as a surprise. With the passing of HIPs comes a real opportunity for industry to take a long hard look at itself and identify concrete solutions to drive reform.”