Home packs have ‘legal loophole’
July 31st, 2007A housing market body has said there is a “loophole” in the Home Information Pack (HIP) rules which could mean sellers escape having a pack.
The Royal Institution of Chartered Surveyors (RICS) said the rules allowed for sellers merely to have ordered a home pack when exchanging contracts.
As a result, sellers, if they sold quickly, could do so without having a pack in place, RICS added.
But the government said the claim of a loophole was “nonsense”.