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First day marketing of Hips set to continue

Wednesday, 21 November 2007 12:00 AM

The 'first day marketing' of home information packs (Hips) is likely to continue as the scheme is expanded to incorporate one and two-bedroom properties.

At present properties can be placed on the market as long as a Hip has been commissioned.

It is not necessary for a completed Hip to be in place to advertise a property.

This caveat of the government's controversial scheme was set to come to an end on 1st January, however, this now looks unlikely to be the case.

"I remain confident that we will see Hips extended to one and two-bedroom homes by the end of the year," said Paul Broadhead, deputy director general, Association of Home Information Pack Providers (AHIPP).

"If the government were to extend 'first day marketing' past January 1st 2008, for a limited period, this would seem a sensible approach, while the fully rolled-out system beds down.

"However, this should only be a temporary measure. For Hips to do their job properly, all the information must be made available to potential buyers from the offset."

If a completed Hip is made compulsory before a property is advertised, this will be beneficial to the market as a whole, according to the AHIPP.

"In the long term, rather than halt house sales, Hips will aid the house buying and selling process, ensuring a more efficient and more transparent system for all involved," Mr Broadhead stressed.

There have been fears removal of the first day marketing rules would result in a shortage in the number of qualified Hip inspectors and disruption to house sales.

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