Home Information Packs or HIPs are set to be scrapped by the new coalition government but Energy Performance Certificates are set to remain. HIPs were introduced in England and Wales in 2007 to provide more "up front" information for buyers. Before them some 28% of sales fell through, often because of problems discovered late in the purchase process.

There has been no clear indication as to when this abolition will be formalized. A temporary suspension could be put in place whilst there is no sitting of parliament and the process could be completed during the Queens Speech.

However, until the Secretary for State gives a formal order for suspension, the law remains in place. Penalty for non-compliance can be a fine of up to £200 a day until the HIP is in place.

It is clear that a huge amount of reform throughout government is due to take place in the coming months. The question is, are HIPs one of their priorities?

Phil Wardle from GO comments “We’ve found a degree of reluctance from potential vendors due to the up-front cost of producing a HIP when the market is less than buoyant. To combat it, we agreed a deal with a local solicitor to provide HIPs at a market beating rate of £149, which has proved really popular. We think the scrapping of HIPs will see a lot more houses for sale in Nottingham in 2010.”

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