Law Society President Paul Marsh has entered the fray in the debate over the true costs of Home Information Packs (HIPs),
He has warned that some Estate Agents are receiving secret payments from HIP companies for the provision of the HIP, which he believes can be as much as £100. He, however, failed to make the distinction, that some Estate Agents buy their HIPs at wholesale prices based on volume purchase from their HIP Provider. As ever, there is enough competition in the market to ensure consumers are getting the best deal for themselves.
The Law Society has also expressed concern that there is the potential for conflict between Seller and Buyer if the Property information Questionnaire, more commonly known as the PIQ, is completed incorrectly.
As always if you are in any doubt, it is better to consult your Solicitor at the earliest stage so that you can be properly advised from the beginning.
if there are any questions you may have regarding HIPs please go to our Frequently Asked Questions section on our website. If you have any question contact us and we will supply you with the answer.
