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May 24, 2010
The End Of HIP's
The newly formed coalition between the Lib Dem and the Conservative Party followed a long-held pledge of the latter to remove the requirement for homeowners in England and Wales to provide home information packs (HIPs) when selling their homes.
Eric Pickles, the Communities secretary and housing minister Grant Shapps announced that they have cancelled HIPs with immediate effect, pending primary legislation for a permanent abolition.
Shapps stated “cutting away pointless red tape that is strangling the market” would help the current housing recovery and save consumers a total of £870m over 10 years.
Pickles said: “HIPs are history. This action will encourage sellers back into the market, and help the market as a whole and the economy recover.”
However sellers will still need to commission an energy performance certificate before marketing their property.