31 Jul

NAEA calls for wide-ranging review of Hips

NAEA calls for wide-ranging review of Hips

The National Association of Estate Agents (NAEA) has welcomed the decision to hold a consultation on whether a questionnaire should be included in Home Information Packs (Hips).

It noted that one of the biggest problems faced by its members when it comes to Hips is supplying information on local searches and leasehold, which this could help with.

However, the organisation also sounded a note of caution, saying the change will only have value if it is part of a review of the entire Hips system.

"The NAEA has consistently stated that they do not help the buying and selling process, do not stop sales falling through and do very little, if anything, to speed up the transaction. It is this lack of certainty that needs addressing and Hips will never help this."

Hips were introduced last year as a way of collating all the relevant facts for purchasers during the buying and selling process, as well as to offer information about improving the energy efficiency of homes.

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