Hips advice for selling landlords

Landlords who are looking to sell one or more of their properties have been reminded of the importance of Home Information Packs (Hips).

The documents are required for all houses that are put on the market in England and Wales.

However, the price of Hips can vary widely depending on where they are bought, new research from Which? Money has found.

The consumer group revealed that the most expensive Hips - got directly from estate agents - can cost up to £300 more than those purchased from specialists.

James Daley, editor at Which? Money, explained that many property investors think that they have to buy Hips from their estate agent, but this is not the case.

He said: "It's now compulsory to get a Hip before you put your house or flat on the market.

"Our research shows that the most expensive high street agents charge over twice as much as the cheapest online Hip providers - so you could save hundred of pounds by shopping around for the best deal."

Using online services can save people selling homes more than £3,000, Which? Money has claimed.

Get a landlord insurance quote today from Simple Landlords Insurance.