understanding financial jargon
Home Information Pack ( HIP )
This was a new type of property information pack which was introduced in 2007. The Home Information Pack (or HIP ) was to be provided by the seller of a property, It contained much of the information that is in the types of survey reports commissioned by the purchaser of a property. The HIP was supposed to improve the property sales process by making information on a property more transparent before any offer was made. The full implimentation of the HIP has now been abandoned by the current UK Governemnt, with the only part remaining being the energy efficiency report.
What to do if you need more help
If you need more help with your specific commercial loan, mortgage or insurance requirement please speak to a professional financial adviser.
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