Home Information Packs (HIPs) were documents that provided information about the conveyancing process, such as their EPC, title documents and local authority searches.
They were scrapped in 2010, after complaints about the extra cost of them by homeowners, as well as additional administration work for estate agents.
However, a report from Today’s Conveyancer has now revealed that 69% of homebuyers believed having a HIP document would have made the house-buying process much easier.
74% believed that HIPs were useful, and 50% stated that they would be more likely to purchase a home if the seller had provided one. 43% felt that they should be mandatory.
Last year, the Levelling Up Minister, Michael Gove, stated that he wanted to consider the return of HIPs, but to make it relevant to the current market.
Are you looking to buy your first home? Do you think HIPs should make a comeback? Let us know in the comment section below.
