Hips used ‘in majority of property transactions’
Recent reports have suggested that home information packs (Hips) are only used in around half of all property transactions - but the Association of Home Information Pack Providers (Ahipp) has refuted these claims.
According to the representative organisation, Hips are in place during 95 per cent of property sales and the group is working hard to bring this figure up to 100 per cent.
Citing "strong statistical evidence" that indicates it is correct, Ahipp said it is collaborating with local trading standards officials to make sure all property deals comply with the rules and involve Hips.
In a statement, Ahipp remarked: "There is an acceptance among trading standards officers that the clarity provided by April 6th regulation changes will allow them to now start issuing fining notices, where relevant."
Hips have now been part of the property selling process since the summer of 2007, yet there still remains some degree of opposition to the legislation.
To book your free initial consultation with mortgages for professionals click here.
According to the representative organisation, Hips are in place during 95 per cent of property sales and the group is working hard to bring this figure up to 100 per cent.
Citing "strong statistical evidence" that indicates it is correct, Ahipp said it is collaborating with local trading standards officials to make sure all property deals comply with the rules and involve Hips.
In a statement, Ahipp remarked: "There is an acceptance among trading standards officers that the clarity provided by April 6th regulation changes will allow them to now start issuing fining notices, where relevant."
Hips have now been part of the property selling process since the summer of 2007, yet there still remains some degree of opposition to the legislation.
To book your free initial consultation with mortgages for professionals click here.
