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Law Firms urged to get to grips with HIPs

 

Eight out of ten conveyancing firms are not clear about how the HIPs (Home Information Packs) process and legislation are going to work, a new survey has discovered.

 

The survey, carried out by ConveyanceLink also revealed a similar proportion were still uncertain on what the key components of a HIP were going to be, despite the likelihood that a large number of high street law firms plan to offer a HIPs service in-house.

 

The research suggests that most high street law firms have little or no confidence in the process and do not believe that HIPs will be ready to launch on 1 June 2007.

 

There is no suggestion the government will delay the implementation of HIPs, so conveyancing law firms should be taking steps now to put their house in order, warned ConveyanceLink. They need to put in place the necessary IT infrastructure to offer Home Information Packs and start building lasting relationships with local estate agents to ensure that they will benefit from the changes.

 

Malcolm York, director at ConveyanceLink, commented: "We have seen the CML express its concerns over the introduction of HIPs and that concern seems to be echoed by many of the high street law firms. It is possible that they don’t realise the immense opportunity that these packs represent