What is First Day Marketing of HIPs?

First Day Marketing

The Government are keen to have a HIP ready on a property before it is marketed. This is referred to as "first day marketing".

Originally, the HIP regulations were written to ensure that a property could not be marketed without a HIP being ready for the buyer to see.

AHIPP argue that this is necessary to ensure that all the relevant information is in place for the buyer to make an effective decision.

However, when HIP packs became law a temporary exemption was made, until 1st January 2008, that a property could be marketed providing a HIP pack had been ordered. This was seen necessary to ensure delays did not occur in the home buying process.

When HIP packs became compulsory for all properties in December 2007, the temporary extension was further extended until 1st June 2008.

Splinta, which stands for the Sellers' Pack Law Is Not The Answer, has today launched a petition to ask the Government to make the temperorary exemption permanent.