Hips U-Turn

Date Published 03 August 2006

Ten days after the bombshell, the dust is still settling as the property industry considers the full ramifications of the Governments decision to make Home Condition Reports voluntary.
Prior to this from July 07 anybody looking to sell their property would have had to fork out somewhere in the region of £700-£1000. to pay for a Home Inspection Report(HIP) The government has now made a dramatic-turn and announced that this will not be the case stating one of their concerns being that Hip’s would have repeated the crash of 1988,when government interference turned the market upside down and in turn took years to recover. Whatever the reasons vendors do not need to worry anymore as they are now voluntary.