The new UK Coalition Government has announced today that the requirement for homeowners to provide a Home Information Pack (HIP) when selling a home in England and Wales has been suspended with immediate effect. This move is part of delivering a key manifesto commitment made by both parties before the UK’s recent General Election.
Home sellers however, will still be required to commission an Energy Performance Certificate (EPC), but they do not have to receive it before commencing marketing on the property. Properties offered for sale in Scotland are not included in this suspension and will still require a Home Report as before.
As a result of today’s announcement, Cartus will no longer be instructing HIPs as part of the process within our Home Sale relocation service in England and Wales. However, we will continue to commission an EPC on each home in England and Wales that we market on a client’s behalf.
This potentially provides a welcome cost saving for employers relocating staff within England and Wales on permanent transfers involving a home sale. Whilst the EPC is still required as part of the sale process, the cost of this item is lower than that of a HIP.