Rainbow can help you with your home information packs, here are the benefits of HIPS

  • Consumer Satisfaction - 90% of consumers were dissatisfied with the old home buying and selling process.

  • Transparency -  Key information about the property only became available after terms of the sale had been agreed. With HIPs the information is available upfront.

  • Sale Success Rates - 28% of property sales failed after the terms had been agreed. HIPs aim to minimise mortgage failures.

  • Costs - Failed transactions were costing customers £350 million a year.

  • Speed - With the help of HIPs, mortgage transactions should be sped up. Previous to HIPs being introduced transactions run at only half the speed of the European average.

  • Reliability - 60% of property sales are in chains. Delay or failure in one has a knock-on effect through the chain which HIPs is trying to prevent.

Conveyancing Data