The news regarding
Home
Information Packs is seldom positive nowadays and
once gain we have some bad press to deal with as RICS
suggest that some vendors (sellers) will merely order or
apply for a pack but never actually obtain one.
The fear is that a loophole
has been created whereby a seller can still market the
property but if a buyer is found swiftly (before the
pack is delivered) then the pack will not be necessary.
The Government is allowing people to market their home
without the HIP in place whereas initially the pack was
a mandatory requirement prior to putting the property on
the market.
This could lead to arguments
over searches as anyone purchasing a 4 bed house from
the 1st August 2007 might reasonably expect the vendor
to acquire the searches which is a requirement of the
HIP
legislation. Yet the vendor may refuse and place the
burden back on the buyer.
The Energy Performance
Certificate (EPC) will still have to be provided by the
seller by the time contracts are exchanged.
