HIPS are here to stay
According to a new report, the recently introduced pilot for home information packs or HIPS (as they are commonly known) has been hailed as a resounding success by industry experts and is unlikely to be pulled any time soon.
A spokesperson for the society representing UK property agents has recently stated that enquiries for the information packs, since launch, had been outstanding and believed the packs have single-handedly spurred business at a traditionally quiet time of year. He further assured prospective house buyers and secured loan customers, that the scheme was unlikely to be a flash in the pan initiative, and urged consumers to embrace the tool.
It is also believed that a number of property agents, who were initially sceptical of the packs, are now showing a little more support towards the scheme, thus strengthening their position to become the premier tool for home sellers in future years.
Additionally, it has also been revealed that the HIPS packs will soon become mandatory for those people selling homes with 3 or less bedrooms (opposed to 4 as it currently stands).
