Home inspectors are crucial to the new HIPs process, but will there be enough of them, asks Andrew Gooding
The government has four main objectives in introducing reform of the home buying and selling process in England and Wales though home information packs (HiPs). These are:
- Ensure first time buyers, struggling to get their first foot on the property ladder, get HiPs for free.
- Cut waste and duplication by preventing several prospective buyers paying again for the same searches and surveys when sales fall through.
- Provide quality reliable information at the beginning of the process and cut failed transactions which currently waste £350m each year.
- Include energy performance information in the home condition reports (HCRs), preventing the need for a stand-alone survey.
RICS supports these aims...
