20
May
AHIPP: Numerous fee option for HIPs
There are a variety of deals available on the market for home
information packs (HIPs), according to the Association of Home
Information Pack Providers (AHIPP).
Vendors must search the sector and find the best deal for them, it
said, because the format of the document and its cost can vary
depending on the provider.
AHIPP said it is the responsibility of the individual provider to
make clear the fees and setup of the HIPs before they are sold to
home sellers.
These comments come after a Channel 4 investigation into how much
vendors are required to pay for the package.
HIPs were introduced as a mandatory part of the property selling
process in August 2007, prompting much debate on among the housing
industry.
"The implication that the retailer's price can never be higher than
the cost of the goods supplied is to misunderstand the nature of
commerce," AHIPP remarked.
