Government delays full HIP implementation

At present, home sellers only need to have ordered and paid for a HIP to sell their property, without actually needing to have the physical documents.

However, the Government had hoped to make it compulsory to be in possession of a HIP before a home can be sold on 1 June.

The extra rules will now not be introduced until the end of the year, and the requirement for leases to be in a HIP if a property is leasehold have also been delayed.

Caroline Flint, minister for housing, comments: “We want to do more to improve the HIP and the home buying and selling process for consumers.

“Developing a new set of standards for industry is an important next step in further ensuring all consumers get the highest quality of service when buying or selling a home. We also want to ensure all consumers are seeing the vital information in a HIP early in the process so they can fully benefit.”

If you would like to comment on this story, contact:

John Bakie
Tel: 020 7484 9805
e-mail: [email protected]

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