Tuesday, 22 May 2007

HIP fiasco

So, the government decides to postpone HIPs once again. What a fiasco this has been. I always thought the point of HIPs was to reduce the costs and time associated with a house purchase by making the seller do a house survey, not the (potential) buyer. That way, fewer surveys are needed (as each potential buyer would otherwise do their own survey, even if they later pull out); and purchase can be completed more quickly (as buyers don't have to wait for a survey).

But then the building survey element was dropped some time ago, leaving a watered-down proposal that seemed to be pretty pointless, I don't know why govt didn't just abandon it completely at that stage. I suspect the whole thing will be quietly dropped not long after Aug 1.

8 comments:

Anonymous said...

Amazingly it hasn't been dropped. The idiots are insisting on carrying on with it. The EPCs are a nonsense, and some buyers' solicitors are refusing to accept the searches, which can easily be out of date by the time a buyer is found.
Let's face it - if HIPs were any use, they wouldn't have to be compulsory would they?

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