Saturday, May 20, 2006

In defence of HIPS

Firstrung: First time buyers cannot fail to benefit from the introduction of HIPS

With the introduction of compulsory Home information Packs only about 12 months away, all sectors of the residential property industry are working hard to make the necessary changes required. For example, even now there are over 4,000 prospective home inspectors in training to re-qualify as government licenced inspectors.

Posted by Converted Lurker @ 09:49 AM (610 views)
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1. Gocrashgo said...

I personally fail to see how "the first time seller would benefit from receiving a HIP worth more than the one they have to provide for their sale". I have doubts about the value of all the HIPs. I think they are complete waste of time and resources.

Saturday, May 20, 2006 05:02PM Report Comment

2. uncle tom said...

Given that these 'inspectors' do not appear to have the confidence of mortgage lenders - thereby making it necessary to survey every property twice, the HIPS system looks seriously compromised.

I notice that the Tories have pledged to abolish HIPS if elected, and that most of the prospective inspectors are failing their exams...

I reckon the government are likely to postpone the introduction, possibly until after the next election - but if they don't, it could be fun to watch...

Sunday, May 21, 2006 03:15PM Report Comment

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