hipsandhcrs

From 1st June 2008 the Home Information Pack must be complete before a property can be marketed by an estate agent. At the moment, the HIP only has to be ordered for the property to be marketed.  With some HIP providers seeing a delay of up to three weeks for the Home Information Packs to be completed, this could result in significant delay for sellers. One of the main reasons for delay is that local authorities and indeed the search companies are not providing search results quickly enough.

We believe that the problems with local authority searches will be largely overcome by June and buyers will benefit tremendously from a complete Home Information Pack when making a decision to put in an offer on a property or not.

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hipsandhcrs welcomes the announcement from junior housing minister Iain Wright last week that local authority and search companies must work together to improve the quality and speed of the search service. He expects searches to be provided within 24 hours a major improvement on the current situation with some local authority searches taking weeks.

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