Could the controversial home information packs, killed off by the coalition government in 2010, make a comeback? A Conveyancing 2030 discussion paper published last week said home information packs ‘are a thing of the past’.
However, ‘the idea behind them… is once again the focus of much work’. Welcome BASPI: Buying and Selling Property Information to be precise. It was designed by the Home Buying and Selling Group, a stakeholder body helping the government provide upfront information at the start of a transaction so buyers can make an informed choice.
Sounds an awful lot like a HIP to us, but probably needs a new name. Any takers for one attendee’s proposal: ‘hipster HIP’?