There are many expenses associated with selling a home but one fairly new cost is the home information pack or HIPs. HIPs have been promoted by the Government as a way to provide key information to buyers and also speed up the purchase of a property. However a recent report from Which? has found that HIPs have little value and that 41% of buyers find the packs make purchasing a new house more difficult. HIPs have also been opposed by estate agent trade bodies, the Council of Mortgage Lenders and the legal profession. The general opinion appears to be that they are simply a waste of money.
