Negativity surrounding HIPS continues

13th April 2007

Despite the fast approaching start up date for Home Information Packs (HIPS) the governments plans continue to be heavily criticised.

Our sources reveal that industry specialists are still fearful of a huge drop in the property sales business once HIPS become law. At recent training events for solicitors and conveyancers there was still talk of a last minute U turn or delay being introduced by the government.

There are rumours that a government quango or discussion group may have been set up to consider the potential crisis that may envelop the industry once we enter the new post 1st June 2007 era.

As ever this kind of negative gossip is countered with the opposing view that whenever HIPS come in they will inevitably be problematic and the country will go through a potentially painful period of transition.

Radical changes in law do not tend to be well received generally by the public or by industry observers but in the long run reform is necessary and hopefully both sides of the divide will work together to make the regulations a success.

There is now less than two months until the commencement of the regulations.