Saturday, June 9, 2007

87 percent of home movers against Hips

87 percent of home movers against Hips
Nearly nine out of ten Britons looking to move home say they are against the implementation of Home Information Packs (HIPS), new research has revealed.

According to ConveyanceLink, a massive 87 per cent of home movers are completely against the controversial scheme, originally due to have been implemented at the beginning of this month.

Indeed, the conveyancing case management provider pointed out a link with a previous study which found exactly the same proportion of estate agents (87 per cent) said they were also against the scheme.

Only nine per cent of 1,276 home movers polled said they supported the scheme, while four per cent said their opinions were divided.

Commenting on the figures, Malcolm York, director at ConveyanceLink, described Hips as "unworkable" and said the system was in "disarray".

"It's interesting to see the same massive percentage of consumers and industry professionals have no faith in the Hips scheme," he said.

"The government has neglected to listen to the industry and has subsequently put livelihoods at risk throughout the property sector, which is completely unacceptable.

"There is no question that changes and improvements to the process need to be made, but Hips look like a disaster still waiting to happen," he added.

In an eleventh-hour decision the government recently made a U-turn on the launch of Hips after a legal challenge from the Royal Institution of Chartered Surveyors.

Homes on the UK Property market with more than four bedrooms will be legally required to have a Hip, detailing the building's energy efficiency rating as well as title deeds, from August 1st.

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