HIPs - reduce stress and speed up the process

The Association of Home Information Pack Providers has responded to research published today by MyHomeMove, parent company of HIP provider MyHomeInformationPack.

The research shows that the time taken from instruction to exchange of contracts has fallen from 52 days a year ago to just 39 days in July of this year. The market average a year ago was 81 days.

MyHomeMove states that this is down to search and other information being available earlier in the process meaning that they can start work on a transaction as soon as they are instructed.

Mike Ockenden, Director General, AHIPP said ‘This is yet another example that HIPs, even in their incomplete state, are making a real difference to the time taken to exchange contracts. This means that consumers experience less stress and get certainty sooner than ever before'

Mr Ockenden added ‘If all of industry that touches the home buying and selling process would put the consumer at the centre of their thinking then the benefits of HIPs as delivered by MyHomeMove would reach a lot more people."