Hips Making Housing Downturn Worse, Tories Say

by Peter Wakeford
Posted by Hannah on 11 September 2008
Hips Making Housing Downturn Worse, Tories Say

Suspending the packs would give the market a boost, according to the opposition.

Conservatives are calling for a suspension of Home Information Packs (Hips).

The packs, which are mandatory for all home purchases, were branded ineffective by opposition MPs - who claim that they are reducing sales by discouraging people from putting their homes on the market. Therefore, Hips were cited as a contributory factor to the current property downturn, which has already wiped ten percent off house prices.

Hips, which are passed from seller to buyer during the home sale, contain important information about the sold property, including searches and an energy performance certificate.

Conservatives say that a clause in the original Act which introduced Hips on to the market can be invoked, which would result in their immediate suspension. For its part, the government stated that it has no plans to discontinue the packs.

Housing spokesman Grant Shapps said: "If Gordon Brown genuinely wanted to help the beleaguered housing market, he would use his powers to suspend this harmful regulation and save homebuyers' money." Branding Hips as "unnecessary red tape", he added: "These little-known provisions to suspend Hips were introduced for a reason - to undo the regulations quickly if it all went wrong."

A government spokesman said that there were currently "absolutely no plans" to suspend the packs.

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Pamela Westwood
on 11 Sep 2008 16:29
I totally agree with abolishing this ridiculous HIP pack introduced. This is a typical Labour "give us a job". An extra ribbon on exisisting reels of red tape. All you need is for a corrupt officer to carry out "HIP's" in a particular area and hey presto that area is then earmarked by the authorities for huge housing estates including 40% social housing ie housing owned by the authorities. Thanks labour again, you know how to keep good honest hard working people down and open the doors of opportunity! Pam Westwood