You are here: Home - Uncategorized -

Broken HIPs system is ‘in chaos already’

Written by:

The Government’s home seller’s pack (HIP) scheme is heading for a crisis already, two months before it is due to become a legal responsibility for sellers to make one available to potential purchasers.

From 1st June, people selling their property will have to have a HIP compiled on their home, which will have to include an energy-performance certificate.

A target of 7,500 HIP inspectors was supposed to have been reached by the time the packs are a requirement, but do far only 1,000 have been trained to the required standard.

Some property professionals fear that the lack of inspectors will cause the housing market to grind to a halt as sellers waits for their paperwork. There are also worries that exorbitant fees will be charged to hurry things along for impatient buyers and sellers.

One Essex-based estate agent said: “There could well be rogue agents that take advantage of the system. The requirements relating to the energy-efficiency of the property – loft and cavity wall insulation, double glazing and so on – are open to abuse in my estimation.

“In short, I think the system is in chaos already.”

Housing minister, Yvette Cooper, is to speak at a £60-a-head training seminar on how agents can ‘make money’ from the packs and this has fuelled suspicion in some quarters that HIPs could be open to abuse.


Related Posts


Tag Box




Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

The essential Your Money guide to the April 2018 tax changes

As we head into the 2018/19 tax year, a number of key changes take place to existing policies while some new i...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co... Awards 2018

Now in their 21st year, our awards recognise the companies offering the best products and services to consumers

Money Tips of the Week

Read previous post:
State pension rises but ‘it’s not enough’ for some

The basic State pension has risen by just over £3 a week to £87.30, an increase in line with inflation, although...