Flint Bishop

Derby based solicitors comment as HIPs no longer needed

With effect from 21 May 2010, it will be easier to get your house on the property market, as it will no longer be necessary for a Seller to obtain a Home Information Pack (HIP) before he or she can put his or her property up for sale.

"This is excellent news for both sellers and buyers", said Richard Whiteley, a conveyancing partner in Ellis-Fermor & Negus solicitors. "With the exception of the Energy Performance Certificate, the Home Information Pack did not add anything to the conveyancing transaction that was not already there. They simply added further complications into the process.

"It is not unusual for searches or title information in the HIP to be sub-standard, and for people to have to wait weeks for a HIP to be supplied. Now that the supply of title information and the searches will go back to the solicitors, we should see a rise again in the quality and relevance of the documentation supplied. This move will reduce the cost and time taken in the transaction in many circumstances, not increase them, as has been suggested by some in the HIP production industry."

Although it will no longer be necessary to have a HIP, sellers will still need to produce an Energy Performance Certificate within 28 days of the property going on the market.  Richard Whiteley commented, "If sellers don't have an Energy Performance Certificate, they should contact their solicitor or Estate Agent, who will either be able to arrange one for them, or put them in touch with a local assessor".

For more information about Ellis Fermor and Negus, please visit their website here: www.ellis-fermor.co.uk

Bookmark and Share

Article published by Midlands Business News on 24 May, 2010

Submit your company news and photographs to Midlands Business News via email news@midlandsbusinessnews.co.uk or submit news and events online here.

midlandsbusinessnews.co.uk is an online Midlands business news network and we welcome submissions of your company or business related news articles and event notifications.

 

 

Articles submitted by Ellis Fermor and Negus:



  • Ambulance Heritage Society obtains charitable status - click to read
  • Acquisition of Quality Verification Services by NDT Services Ltd - click to read
  • Firm of solicitors steps in to rescue another and save half the jobs - click to read
  • Jericho Road Project registers with the charity commission - click to read
  • Murray Macnab awarded Fellowship with IoD - click to read
  • Nottingham couple fulfil life-time ambition - click to read
  • Corporate and Technology Partner joins Ellis-Fermor & Negus - click to read
  • “Time to Razzle Dazzle” - click to read
  • National acclaim for local family solicitor in the Midlands - click to read
  • Midlands based solicitors raise £760 running the Robin Hood half marathon - click to read
  • Midlands based Ellis Fermor and Negus solicitors announce merger of local community transport charities - click to read
  • New help for troubled teenagers in the Midlands - click to read
  • Derby based solicitors comment as HIPs no longer needed - click to read
  • Derbyshire based crime solicitor gains his higher rights of audience - click to read
  • Search the site

    News Article
    Search



    Faces behind
    the business

    Nick Beham

    Nick Behan



    PressVine
    The Maynard Hotel
    Incentive & Motivation
    Klick Solutions Media
    Gourmet life

    Need a Service?

    Search our Midlands
    Business Directory