18
Jun
Industry needs to 'make the best' of Hips
The managing director of Convex.net, an online conveyancing firm,
has suggested that now the investment has been made in Home
Information Packs, (Hips) people should try and make the best of
them.
Duncan Samuel's comments follow the Carsberg Review of Residential
Property, which found that Hips have not improved the process of
buying and selling properties.
It stated that the process and the provision of information for
consumers requires revision.
Mr Samuel disagreed with parts of the report, but admitted that the
industry has "always been united" in its concerns about the
scheme.
However, he noted than in his experience, transactions have speeded
up as a result of Hips, adding: "The fact is that the time and
money that had to be spent preparing for them and implementing them
has now been spent … surely it is better to enjoy the
benefits of them."
