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21/05/10 - Goodbye to HIPs!

Home Information Packs (HIPS) will be consigned to history, the Government announced yesterday.

 
Property sellers will no longer be required to spend money on providing the packs of information before they can market their homes after Communities Secretary Eric Pickles suspended the duties previously enshrined in law.
 
Campaigners criticised the packs, introduced in 2007, saying they failed to help home buyers and discouraged people from putting their property on the market.
 
The Conservatives and Liberal Democrats pledged in their coalition agreement to get rid of the packs. But energy performance certificates, which show how energy efficient a property is, will be retained.
 
Housing Minister Grant Shapps said: “Today the new Government is ensuring that home information packs are history. This is a great example of how we are determined to get straight down to work and cut pointless red tape which is strangling the market.”
 
Hips were first introduced in August 2007 for properties with four or more bedrooms in England and Wales, before being gradually rolled out across the rest of the market.
 
They aimed to reduce the amount of time it took to buy and sell a home by providing buyers with more of the information they needed up front, such as local authority searches.

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