Thursday, May 20, 2010
HIPS gone, Energy Certificates stay
BBC: Home Information Packs scrapped
The coalition government has suspended the use of Home Information Packs (HIPs) by home sellers.
"Today the new government is ensuring that home information packs are history," said Housing Minister Grant Shapps. "By suspending home information packs today, it means that home sellers will be able to get on with marketing their home without having to shell out hundreds of pounds upfront. From now on all that will be required will be a simple energy performance certificate," he added.
Posted by little professor @ 10:51 AM (1985 views) Add Comment
14 Comments
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1. doomwatch said...
Good, this should help the BTLs sell off their over-valued slave boxes quicker.
2. jack c said...
What's the betting that the stand alone EPC now rolls out at the same price as the HIP?
3. wiltshire said...
What about all those people who took the decision to become HIPs sellers (or whatever they were doing)? Been left high and dry.
4. jack c said...
@ wiltshire - radio 5 Live @ 7am today estimated it would add 3000 to the unemployment list.
5. uncle tom said...
Right from the start it was known that HIPS would be history if the Tories won the election. Those 3,000 people knew that, and if they hadn't got an alternative job lined up, then more fool them..
..if this country is going to dig itself out of the mire, there's an awful lot more people who need to think about doing something more productive - at least half of the BBC's payroll, for a start..
6. doomwatch said...
Why don't they do the honorable thing and scrap the hateful double taxation Stamp Duty for the vast
majorioty of the country that can't afford to (or don't know how to) set up off shore tax avoidance vehicles.
7. dill said...
Just heard Shapps confirm, on the radio, that the EPC will not have to be in place before house can be marketed.
8. nickb said...
@uncle at 5
How about the totally non-productive financial sector? 90% of that can go to the wall, if we agree with Lord Adair Turner, that it has become principally a means for transferring wealth from outsiders to insiders. I can see what the BBC produce. I'm not so sure about hedge funds, debt-based money-from-nothing, subprime mortgage slice and dice packages and all the rest of it.
Nick
9. letthemfall said...
Which BBC employees are unproductive uncle tom?
Are the unemployed all fools?
10. tom101 said...
Some of those newsreaders perhaps... Way too many!
11. mrr19121970 said...
I guess this means that more sellers willing to test the market will come back, therefore pushing prices down? Good news all round.
12. Luckyjim said...
The other side of the coin is that there may be an increase in 'speculative' vendors. People who don't really need to move but put their houses on the market to see if they can get a silly price.
13. pelethar said...
I think this is potentially a massively significant moment, as it will remove a huge psychological stumbling block stopping people putting their houses on the market. I believe there is a generalised feeling that house prices are back at peak value as well, so these two factors will combine to produce a significant rush of properties to market over the next 2 months, with predictable results (hopefully)!
I understand those who are saying "yes but they still have to fork out for an EPC" - but the point is that particularly in London deals are often done within days of marketing a property. It will feel a lot less painful paying a few hundred quid for an EPC when you already have an informal sale agreed of £500k or whatever.
14. Bolockbrainyoutoo said...
Re: HIPS etc-- then if it is the case that they were part of a wider economic control mechanism, then where does that all go?