Friday, May 25, 2007
Home inspector tells of the financial pain of Hips delay decision
BBC News: Hips delay could hurt the pocket
Delay to Home Information Packs could cause serious financial problems for people training to be home inspectors.
One home inspector explains what the delay could mean for him and his fellow inspectors.
Posted by disillusioned @ 10:17 AM (423 views) Add Comment
1 Comment
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1. Orwell said...
Sorry Dave,
In the property 'market' if you can call it that, there are too many profiteering essentially by providing poor quality work and this is really I suspect what Yvette Cooper, Ruth Kelly and Nick Raynsford (who incidentally is a Non Executive Director of Hometrack one of the big players in HIPS and who introduced the legislation) might have wanted to address. What they failed to do is properly consult. Had they done so they would have realised that there are plenty of extremely well qualified Chartered Surveyors who already do pretty much what is required in a HIP and of an inspector. There are also plenty of extremely well qualified Solicitors Legal Executives and Licensed Conveyancers who check the title to ensure that this work is done properly. Quite why they thought there was some kind of cartel which held prices artifically high, I don't know. The remuneration for RICS inspections and Conveyancing are notoriously very low (unless it is commercial conveyancing and then there is serious risk of being sued to take into consideration and an indemnity insurance that requires potentially £8 million cover for each transaction (or more)).
It is probably true the EA's have been encouraging the pyramid selling that is the 'market' at the moment. They do make lots of cash but their advert costs are that much higher!
You took a gamble. That is good. You would have been in prime position had you been successful. Risk = Reward as we know.
I can't see how there can be any moral claim to compensation here, and anyway how legally will you be successful? Duty of Care? This present morally bankrupt crew in govt. have no duty of care to anybody let alone HIP Inspectors. Breach of Statutory Duty? Possibly but I would not risk this in open Court, only limit my claim to £5000 in Small Claims Court.