"Firstly the cost is punishing sellers in the pocket at a time when they really need all the help that they can get.
"More galling, they are spending this money in the knowledge that 77% of buyers admit that they paid no attention to the pack whatsoever.
"Margaret Beckett herself admitted that HIPs are not working – but now she seems to have buried her head in the sand along with the rest of her department.
"HIPs are confusing to customers and act as a dampener on a housing market which is essential to Britain’s economic recovery.
"With all indicators pointing to a troubled year ahead the NAEA calls on Mrs Beckett to suspend HIPs while the housing market is suffering and re-examine their viability once the market has begun to pick up."
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