9 Dec

Minister announced new HIPs arrangements

Minister announced new HIPs arrangements

Home information packs (HIPS) are to be reformed under new plans announced by housing minister Margaret Beckett.

A key change to the way the packs work will be that they are to be made available to buyers as soon as a property is put up for sale, enabling the prospective buyer to see the information before deciding whether to buy the home in question.

HIPS will also provide new information not previously included, such as details of flood risk, the safety of gas and electricity supplies and any structural problems.

Ms Beckett commented that the reforms to Hips will ensure buyers are "better protected, better informed and better assisted when buying a home".

Public sector property information provider Land Data welcomed the changes.

Its chief executive Alex Fraser said it would ensure housebuyers know they are paying a "fair and transparent price" for a property search provided by an "authoritative source".
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