12 Oct

Tories plan to axe HIPs

Tories plan to axe HIPs

The Conservatives have pledged to scrap Home Information Packs (HIPs) if they are elected into government, claiming they are unwanted and unnecessary.

At the party's conference in Blackpool last week shadow housing minister Grant Shapps called for the packs, which were first introduced in June, to be withdrawn.

He said the industry does not want them and the market does not need them, announcing that "the next Conservative government will scrap them."

Yesterday the party tabled a motion for the withdrawal of HIPs, pointing to claims from the Royal Institution of Chartered Surveyors that they have been responsible for a downturn in the property market.

The Association of Home Information Pack Providers has criticised the policy, insisting that HIPS make the buying process faster and more transparent, which will benefit all buyers and in particular those buying for the first time.

Home Information Packs are now a mandatory part of the house selling process for all properties with three or more bedrooms.

They contain an Energy Performance Certificate giving details of the property's energy efficiency as well as other documents such as a sale statement, searches and evidence of title.
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