Home Inspection Home

All you need to know about HIPS...

  • Increase font size
  • Default font size
  • Decrease font size

Market recovery warning over Hips

Property professionals have warned the housing market could be further slowed down by changes to the rules governing controversial Home Information Packs (Hips).

From Monday all sellers must have one of the packs in place before they can start to market their property, meaning they will typically face a delay of between three and five days before they can put their home up for sale.

The move replaces the current rule, under which homeowners can begin to market their property as soon as they have ordered their Hip and can continue to do so for 28 days before it arrives.

The Government said the change would ensure that potential buyers could see Hips as early as possible in the house hunting process.