Very true that you never get something for nothing and Home Information Packs are no different. Some of you may have noticed that many estate agents are offering free HIPs but beware of the following caveats and small print where applicable:
It may be free subject to sale i.e. if the property doesn't sell in a certain amount of time you have to pay for the HIP.
The HIP may be free subject to you using an expensive conveyancing service which could end up costing you more than if you got the HIP privately and used a more modestly priced conveyancer.
The HIP may be free and included in your agent's fee - there may be problems associated with this (see next point).
If your agent organised your HIP for you, they pay for it and so they own it meaning if you wanted to switch agents your original agent may make you pay for the HIP. This can be avoided by getting the HIP privately either as part of selling the house yourself or to take to an agent of your choice (if you pay for it you own it).
While I'm listing the 'don'ts of HIPs' I might as well mention that if your agent or indeed a HIP provider! advises you that you will need a HIP for your continually marketed property which was put on the market before the HIPs commencement date (1st Aug for 4 beds, 10th Sept for 3 beds) if it is to be marketed after January 1st 2008 they are wrong. There has been a change in the legislation which means that such properties will not require HIPs in this circumstance. In fact although this was the case, this so called 'drop dead' date has been withdrawn and has not as yet been re-set. Please keep an eye on this as we approach the new year as it is not well publicised and has the potential for lots of confusion.
Happy to help.