Can HIPs prevent Gazumping?

Can HIPs prevent Gazumping?

Mike Ockenden (Director General) gives expert video advice on: What do I need to do to obtain a HIP for my new home?; Will I have to pay for a pack?; What will a pack tell me? and more...

In a word: Yes. HIPS can prevent gazumping. Gazumping happens more, the longer it takes for transactions and for you to exchange your contracts. HIPs reduce the time to exchange your contracts, so reduce the chances of Gazumping.