If you dont know what a HIP is simply it allows a potentional buyer to see facts and figures about a property prior to purchase, such as energy rating, floor plans, etc. I for one totally agree with both the Home Information Packs (HIPs) and the Energy Performance Certificates (EPCs), I think they are a great way to see an at a glance view of what is one of the largest purchases you will every make.
As the HIP was only introduced back in 2007, and many people spent their own time and money to become qualified HIP providers and energy assessors, this means that potentially many people will become unemployed over night.
However as the economy has to be the new governments top priority, you will still need to provide a HIP for your property sales, and and EPC (Energy Performance Certificate) for every rental property, until any official announcement is made.
Now this being said it is in my view that despite a promise to abolish the Home Information Packs (HIPs) I think they will more likely be a step towards either.
- The Home Information Pack (Hip) being an option when selling your property, that way the Home Information Pack (Hip) will no longer be a legal requirement, but can be seen as a sales tool in aiding the potential sale or letting of a property.
- A simpler scheme without the need for the information contained in a Home Information Pack (HIP), mainly likely to be based around the current Energy Performance Certifcate (EPC) such as is the case for rental properties.
The fact is that until any formal announcement is made on the removal of the Home Information Pack (HIP), and even then it will be a gradual not an over night removal. You are still have a legal responsiblity to provide a Home Information Pack (HIP) for selling your property and an Energy Performance Certificate (EPC) for letting your property for the time being anyway.