HIPs

Lane & Holmes - HIPs

New changes to the property market now dictates that anyone selling a property must, by law, have a Home Information Pack (HIP). Starting with four bedroom properties, and rolled out to three bedroom properties on the 10th September, the benefit is to speed up the selling process and cut the chances of any sales falling through.

This is because the pack provides the buyer with all the important information they need about a property, such as legal details, searches and likely energy costs. The buyer should then be able to make a quicker decision and will not face any unwelcome surprises that could potentially cause a deal to fall through. For property sellers, the acquisition of a pack should reduce any delays in the sale, as buyers will be able to make informed decisions on purchasing the property.

To find out more about using Lane & Holmes for your HIPs call 01234 327744

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