HIP HIP Hooray

Limetree Financial Services Limited

HIP HIP Hooray

The new coalition government have announced today that Home Information Packs (HIPs) will be scrapped from the 21st May 2010.  This is great news for people wishing to sell their house asit will save them the expense (typically £350) and also the time lag that HIPs introduced to the residential property market. 

HIPs were introduced to speed up the sales process and ironically the exact same reason is being given for their demise.  Shame more consultation was not made by the former government as over a billions pounds and innumerable trees have been sacrificed to this bureaucratic pipedream.

Energy Performance Certificates (EPCs) will still be required as these are part of an EU directive, however, early signs are that the EPC will not now be required prior to first day marketing.

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