HIPS Packs for all properties from 14th December

As if the residential property market in the UK was not in a bad enough state, with successive interest rate rises, the credit crunch following the US subprime collapse, the Government deals the killer blow by making HIPS packs compulsory for all properties from 14th December 2007. This will make it an offence to market a property without a HIPs pack comprising local search, drainage search, title documents, Energy Performance Certificate, an index to the HIPS and a sales statement. Trethowans has teamed up with HIP Homes (http://www.hiphomes.co.uk/index_main.cfm) to provide a quick online solution accessible by buyers and agents via the web. For developers, the pack is free and a small fee will be charged to buyers for providing the pack. So, whilst an enormous pain, at least compliance will be fairly effortless.