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Beware of Cheap HIP's

HOME-SELLERS risk disaster if they get their home information packs (HIPs) prepared on the cheap, solicitors are warning.

According to The Law Society, HIPs have caused a host of problems for buyers and sellers since they were introduced a year ago.

More and more homeowners are falling victim to estate agents and other non-solicitor providers who offer cheap rates.

Often these packs lack vital information, resulting in incomplete and inaccurate HIPs.The society warns we could see more unreliable HIPs emerging as the Government proposes to make it compulsory for homeowners to complete one before their home is even put on the market.

Vice-president of The Law Society Paul Marsh said: "Many of the documents required in a HIP are of a legally complex nature but are vitally important to get right.

"For example, standard searches show important details, such as any charges linked to the property, building proposals in the surrounding area and water and drainage services for the property.

"So the best professional to produce your HIP is a qualified solicitor."

A solicitor can also explain what the contents of an HIP mean and identify any legal problems that might be unique to a property.

Mr Marsh added: "Anyone who is selling a home should get a solicitor involved in the HIPs process right from the outset.

"Solicitors can provide a one-stop-shop for getting your HIPs documents in place and have the legal expertise and conveyancing experience to make sure everything goes smoothly."

For further information on HIPs, telephone a member of our HIPs Team on 01903 229999 or e-mail us HIPS@bennett-griffin.co.uk.

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