On the 21 May 2010, the new Government decided to scrap the HIPs or home information packs. This is good news for people selling their homes. Now there is no need to pay for a Home Information Pack (HIP).
Also this will make selling a house a step easier as there is one less box to tick. HIPS have been criticised historically, as they have been seen as a costly barrier for home owners wanting to sell. These packs can cost hundreds over pounds – so this is a big saving. According to the communities.gov.uk website – this means “a saving for consumers to the tune of £870m over ten years, giving sellers more money in their pocket to spend in the wider economy”
For more information on this please read the full article here.