OneSearch Direct is urging property professionals to adopt e-conveyancing strategies for cost-efficient Home Information Packs, following the government's move to press ahead with compulsory HIPs.
Research commissioned by OneSearch Direct shows property professionals have given HIPs a cautious vote of confidence, with 50% of estate agents and 40% of mortgage lenders believing that packs will improve the speed of transactions.
The majority of professionals also said that they believed that e-conveyancing would speed up property transactions.
Richard Megson, sales and marketing director of OneSearch Direct, says: “If property professionals are going to offer consumers effective HIPs they must embrace e-conveyancing technology. This will enable the proposed components of HIPs, such as the home condition report and the local search, to be undertaken electronically saving time and money.
“OneSearch Direct welcome initiatives to speed up the property chain and it believes that if implemented correctly, HIPs will benefit both customers and property professionals alike.”