Do you really need a HIP to sell your house?

Filed under: Mortgages, Comments on the news — Administrator at 10:43 am on Monday, June 29, 2023

It’s a fact that the law says that you must have an up to date Home Information pack before you put your home on the market. But it seems that half of house sales are going through without one!

So the law is being ignored or dodged.

And Local Authorities are doing little to enforce the law and the discredited paperwork. And discredited it certainly is as few if any purchasers care a damn about it and even fewer read them when they are available!

Apparently, long ago Local Authorities informed the Government that the regulations were unenforceable and it would cost too much to make it worthwhile pursuing sellers who did not have a HIP’s pack.

Even a report from the Trading Standards found that 5 out of 6 HIPs reports were misleading and not worth the paper they were written on.

Whilst the government has remained tight lipped about the future of HIPs the same cannot be said of the Conservative Party. Their housing spokesperson said that they will scrap HIPs packs saying, “We do not condone breaking the law. But rather than feebly attempt to enforce this bad law, the HIPs regulations should just be scrapped. Conservatives will scrap the packs.”

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