Home Information Packs - Estate Agents Unhappy with HIPS Extension
The National Association of Estate Agents (NAEA) has expressed unease at the announcement that Home Information Packs (HIPS) are to be extended to three bedroom homes on the 10th September.The extension of HIPS to cover three bedroom homes just over a month after the scheme became law has surprised many.
Peter Bolton King, Chief Executive at the NAEA, commented: "The NAEA has consistently expressed concerns regarding the implementation of HIPS as there still remains a shortfall of qualified energy assessors taking the exams.
We did anticipate the second phase to be in the Autumn, but with this announcement it now appears that the Government may try and include all dwellings by the end of the year! This will continue to place uncertainty into an already delicate residential market.
The NAEA will be closely monitoring its impact on the market in England and Wales.
The current housing climate remains unsettled at this moment in time. House owners and hunters are already feeling the pressure due to continuing interest rate rises which is placing increasing strains on their wallets. Also, reactions to the instability being experienced in the world's stock markets cannot but continue the current uncertainties. We do not believe that today's announcement will assist in bringing about stability; to the contrary, it will hinder it."
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