HIPs delay hitting homebuyers - AHIPP

The Association of HIP Providers claims HIPs have so far been successful in bringing down the cost of local authority searches, but says the product needs to be allowed to develop further. AHIPP also claims the introduction of the must-criticised packs has also reduced the average time taken to exchange contracts. The introduction of HIPs has so far caused the cost of local authority searches to fall by 30%, according to AHIPP AHIPP also claim the introduction of the packs has decreased the amount of time taken to exchange contracts by an average of 12 days. “Even in their present incom...