HIPS ARE HISTORY: PICKLES
SUSPENDS HOME INFORMATION PACKS WITH IMMEDIATE EFFECT
PRESS RELEASE FROM THE DEPARTMENT OF COMMUNITIES AND LOCAL GOVERNMENT ANNOUNCING IMMEDIATE SUSPENSION OF HOME INFORMATION PACKS
an important step at a point of fragile recovery in the housing
market, Communities Secretary Eric Pickles and Housing Minister
Grant Shapps today announced that with immediate effect, they
are suspending the requirement for homeowners to provide a Home
Information Pack (HIP) when selling their homes.
Pickles today signed an Order suspending HIPs with immediate
effect, pending primary legislation for a permanent abolition.
The Secretary of State has taken this swift action in order to
avoid uncertainty and prevent a slump in an already fragile
housing market. Today’s announcement sends a clear message of
encouragement to people thinking of selling their home that they
can put it on the market with less cost and hassle.
are currently holding back the housing market because sellers
are having to fork-out extra cash, sometimes hundreds of pounds,
just to be able to put their home up for sale. Suspending HIPs
will reduce the cost of selling a home, remove a layer of
regulation from the process and provide a welcome boost to the
housing market during the recovery. It will also mean a saving
for consumers to the tune of £870m over ten years, giving
sellers more money in their pocket to spend in the wider
Pickles and Mr Shapps also said that the Government is
determined to help people reduce their energy bills, improve our
energy security and tackle climate change by increasing the
energy efficiency of their homes.
Sellers will therefore still be required to commission,
but won’t need to have received, an EPC before marketing their
property, and the Government will consider how the EPC can play
its part in the new drive for a low carbon and eco-friendly
expensive and unnecessary Home Information Pack has increased
the cost and hassle of selling homes and is stifling the housing
market from recovery.
why I am taking emergency action to suspend the HIP, bringing
down the cost of selling a home and removing unnecessary
regulation from the home buying process.
swift and decisive action will send a strong message to the
market and prevent uncertainty for both home sellers and buyers.
are history. This action will encourage sellers back into the
market, and help the market as a whole and the economy
move is part of delivering a key manifesto comment made by both
parties in the new coalition Government.
It will mean that sellers will no longer be told they
have to buy a HIP before putting their home on the market, but
they will now have the choice to provide one if they want to.
Minister Grant Shapps said:
"This is a great example of how this new Government is getting straight down to work by cutting away pointless red-tape that is strangling the market. Rather than shelling out hundreds of pounds for nothing in return we're stripping away bureaucracy and letting home owners sell their properties.
we're also showing our commitment to a greener housing market by
keeping Energy Performance Certificates and making them more
relevant in helping buyers make informed decisions on the energy
costs of their new home."
© Trevor Kent