Failure to comply with home information pack regulation could leave conveyancers exposed to the risk of professional negligence action, warns David Pett
At present, and despite the unfounded perception in certain quarters that home information packs (HIPs) are a waste of time, the good news is that most estate agents around the country are adhering to, and complying with, the requirements of the Home Information Pack Regulations 2007.
A number of proactive trading standards departments have found, after recent investigation, that overall estate agents are following the law, and that an acceptable percentage of the properties on the market have a home information pack attached. There was, however, a handful of agents who were found in breach and who were issued with an ‘on the spot’ fine, as well as a warning that they could face OFT investigation and ultimate closure.
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