Will a HIP replace a surveyors report?

Will a HIP replace a surveyors report?

Mike Ockenden (Director General) gives expert video advice on: As a buyer what does a HIP mean to me?; As a seller what does a HIP mean to me?; What are the benefits of the home information pack? and more...

A HIP doesn't replace a surveyor's report. Up until the 18th July last year, one of the documents you had to have in a pack was a Home Condition Report. A Home Condition Report is like a survey, a very objective survey, produced by a home inspector, and that Home Condition Report could be relied on by a seller, a buyer and the mortgage lender. Where a seller opts to have a Home Condition Report in the Home Information Pack, then absolutely it replaces a survey. By way of informing a buyer as to the condition of the property, that should serve to move transactions through much more quickly. We believe that there should be a Home Condition Report in every HIP and our association will be lobbying the government once packs go live to get it back in a mandatory document. It would serve to reduce transaction failure even more.