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‘New HIPs expensive, pointless and damaging’

The estate agent figures are mirrored by the Government’s own statistics, which showed that 77% of house buyers paid no attention to HIPs when they decided whether or not to buy a property.

The NAEA has called for Home Information Packs to be scrapped during the recession, and for the Government to re-examine their viability once the economy begins to grow again.

Peter Bolton King, chief executive of the National Association of Estate Agents, said: "It is extremely worrying that the Government is pushing ahead with an ill-judged and unpopular scheme that, in the opinion of UK property professionals, will actually slow the market down.

"It reflects a stubbornness on the part of the Government and a reluctance to admit that HIPs in the main are pointless and expensive – and according to their own figures, ignored by the very people they claim benefit from them.

"Surely between them Alistair Darling and Margaret Beckett can see that HIPs should be suspended – not made compulsory."

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0 thoughts on “‘New HIPs expensive, pointless and damaging’

  1. Derek Jones says:

    See my separate post. If Mr Peter Bolton King wants a result on this issue, he needs to start lobbying the Tory Shadow Housing Minister now. Labour will not be in power in a year from now (thank God) and much of their nanny-state over-regulation, and tax-revenue-driven measures such as HIPs should be dismantled and thrown away for good.