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What
is HIPS? And Why do I need a HIP? See
more>
HIPs
Directory of your local services providors >
HIPs
Background and information
>
What
will a HIP contain?
>
Are there any exclusions from the Home Information Pack regulations?
>
HIPs
for leasehold Properties
>
HIPs
- what is a Home Condition Report?
>
HIPs
- what is an Energy Performance Certificate?
>
HIPs
advantages and disadvantages
>
HIPs
Service providers
>
HIPs
campaign against >
Changes
to the Home Condition Report HIPs and HCR's >
HIPs
useful links
>
Latest
on HCR's turn around >
What
is HIPs? Hips HIPS !
HIPs or Home Information Pack is now compulsory for all
property entering the market from 14th December 2007
A number of companies will prepare a pack.
Check online to compare prices and details.
What's in a Home Information
Pack?
The Home Information Pack contains important information
that buyers and sellers need to know. Home Information Packs
including Energy Performance Certificates have been implemented
on a phased basis which started on 1 August 2007.
Properties marketed for sale from 14 December 2007 in
England
and
Wales
will need a Home Information Pack.
For sellers, providing a Pack upfront should reduce the
likelihood of any nasty surprises in the selling process that
could delay the sale, as buyers will be able to make more
informed decisions about purchasing their home.
For buyers, the Pack provides essential information about
properties they are considering buying, free of charge.
What does a Pack contain?
Compulsory items
The following
compulsory documents must be included in a Home Information
Pack.
Home Information Pack Index
The compulsory
documents include a Home Information Pack Index, listing the
documents contained in the Pack.
The Index
provides a checklist for sellers, buyers, estate agents and
enforcement authorities. Where a document that must be included
in the Pack is unavailable, the Index must say so, give the
reason it is missing, and indicate what steps are being taken to
obtain it. Where documents are added to or removed from the Pack
at a later stage, the Index should be revised accordingly.
Energy
Performance Certificate
Energy
Performance Certificates tell you how energy efficient a home is
on a scale of A-G. The most efficient homes - which should have
the lowest fuel bills - are in band A.
The Certificate
also tells you, on a scale of A-G, about the impact the home has
on the environment. Better-rated homes should have less impact
through carbon dioxide (CO2) emissions.
The average
property in the
UK
is in bands D-E for both ratings. The Certificate includes
recommendations on ways to improve the home's energy efficiency
to save you money and help the environment.
Sale
Statement
The sale
statement should provide some basic information about the
property, including:
•
The address of the property being sold
•
Whether the property is freehold, leasehold or commonhold
•
Whether the property is registered or unregistered
•
Whether or not the property is being sold with vacant
possession
The Home
Information Pack must include:
•
The local land charges register relating to the property
being sold. Once a search is completed, which can be carried out
by a personal search company or a local authority, you will
receive an official search certificate.
•
Other records held by the local authority on matters of
interest to buyers, such as planning decisions and road building
proposals. These are referred to as local enquiries in the Home
Information Pack regulations. A local authority or a personal
search company can be used.
•
The provision of drainage and water services to the
property. The local water company or a personal search company
can be used (however, the search must comply with the HIP
Regulations).
The procedural
guidance to the Home Information Pack Regulations contains more
information about what should be included in the search reports.
For detailed advice dealing with local enquiries, drainage and
water, and general provisions applying to all search reports and
those who provide them (e.g. local authorities, water companies
and personal search companies)
Evidence
of Title
These documents
prove that the seller owns the property and therefore has the
right to sell it. Where the property being sold is registered,
certain documents that are available on request from the Land
Registry must be included in the Pack.
These provide
an up-to-date official record of who owns the land, and consist
of:
•
Official copies of
the individual register
(made up of a
property register, proprietorship register and, typically, a
charges register)
•
An official copy
of the title plan
In the case of
the sale of a commonhold interest, official copies of the
register and title plan should be produced for both the unit and
common parts. The Land Registry has details of additional
requirements for sales of commonhold properties.
For sales of
unregistered land, the Pack must include copies of a certificate
of an official search of the index map (obtained from the Land
Registry), and those documents that the seller intends to rely
on to provide evidence of title to the property, and thus the
right to sell it.
Leasehold and commonhold
properties
Most of the documents that must be included in the Home
Information Pack are applicable to all transactions, but some
are needed only for leasehold and commonhold sales.
Of the required
leasehold documents a copy of the lease is compulsory.
However, sellers should include other leasehold documents
whenever available and the following are authorised for
inclusion in Home Information Packs:
•
Any regulations or rules that apply to the property that
aren't mentioned in the lease and any proposed amendments to
same
•
Statements or summaries of service charges covering the
previous 36 months
•
Where appropriate, the most recent requests for payment
of service charges, ground rent, insurance against damage for
the building in which the property is situated, and insurance in
respect of personal injury caused by or within the building
during the 12-month period before marketing began
•
The name and address of the current or proposed lessor,
and details of any managing agent that has been appointed or
proposed by the lessor to manage the property
•
A summary of any works being undertaken or proposed that
will affect the property or the building in which it's situated.
The required
commonhold documents are:
•
An official copy of the individual register and title
plan for the common parts. This is in addition to official
copies for the unit.
•
An official copy of the commonhold community statement.
You can download this document from the Land Registry.
Where they are
reasonably obtainable, or sellers can reasonably be expected to
be aware of them, the following documents and information are
also required:
•
Copies of any regulations or rules not described in the
commonhold community statement and any amendments proposed to
those regulations or to the commonhold community statement
•
Copies of any requests for payments made in the previous
12 months in respect of commonhold assessment, reserve fund levy
and insurance (if not covered by a request for commonhold
assessment)
•
The name and address of any managing agent or other
person appointed or proposed to be appointed by the commonhold
association to manage the commonhold
•
A summary of current or proposed works affecting the
commonhold.
Useful HIPs links:
Official
Govt HIPs site www.homeinformationpacks.gov.uk
HIPs
Background and information
Though a Labour manifesto pledge since the heady days of 1997,
the reform of the residential sales process, of which the HIP
will form a part is still only in the Committee Stage of the
implementation process. Delivery is expected no earlier than
2007.
As part
of the Government commitment to to making buying and selling
homes easier, Part 5 of the Housing Act 2004 has introduced a
legal obligation on home-owners or their selling agents to have
a Home Information Pack available when marketing homes for sale.
Home
Information Packs will provide important information to
prospective purchasers at the very start of their interest in a
new home, giving increased transparency on key issues and
meaning any offer to purchase is based on an informed decision.
If
you're unsure what a Home Information Pack is, or what Home
Information Packs contain, we've answered some frequently asked
questions below:-
What
will a HIP contain?
Terms
of sale;
Evidence of title;
Replies to standard preliminary enquiries made on behalf of
buyers;
Copies of any planning, listed building and building regulations
consents and approvals; Copies of warranties and guarantees, for
new properties;
Guarantees for any work carried out on the property;
Local search replies;
An energy performance certificate.
HIPs
for leasehold properties
A
copy of the lease;
Most recent service charge accounts and receipts
Building insurance policy details and payment receipts;
Regulations made by the landlord or management company;
Memorandum and articles of the landlord or management company
Are there any
exclusions from the Home Information Pack
regulations?
Home
Information Packs will not be required on the following:-
Properties
in Scotland and Northern Ireland
Private sales where the property is not offered on the open
market (eg. to a family member, neighbour, or friend);
Non-residential property or where homes are in mixed use with
commercial property;
Properties sold with sitting tenants and not available for owner
occupation;
Portfolios of residential property;
'Right to Buy' sales by Local Authorities or other social
landlords;
Homes held on a lease of less than 21 years;
New homes will be exempt from the requirement for a Home
Condition Report providing they are sold with an NHBC, Zurich,
or similar warranty.
What is a Home Condition Report?
The
Home Condition Report element of the Home Information Pack was
devided as a
completely new report format which had been developed by the
Government with the help of organisations such as the Royal
Institution of Chartered Surveyors. It was tol cover the general
condition of the property bearing in mind its age, character and
location and highlight any defects requiring action.
The
Home Condition Report was ditched by the Governement after
extensive lobbying against it and is currently a voluntary
option.
What is an Energy Performance Certificate?
The
government is committed to comply with EU Directive 2002/91/EC
which aims to promote improvements in the energy performance of
buidings.
The
EU directive requires an energy performance certificate for all
dwellings at the time of sale.
The
certificate will give prospective purchasers an easy to read
guide to the likely energy costs of occupying the property in a
similar way that current 'white goods' have an efficiency label.
Domestic
energy consumption causes 25% of national CO2 emissions, and
heating uses 90% of energy in the home. Improvement in the
energy efficiency of our homes is therefore important in
reducing our overall emissions.
Advantages
and disadvantages of HIPs
Thus
in one small pack, the buyer will have access to all the various
pieces of documentation it might otherwise take months to
collect and collate. This is of course of great advantage to the
buyer, who being appraised of any work that may need doing to
the property is now in a much stronger position to negotiate on
price.
Beyond the initial buying process the HIP should also resolve
often contentious issues which usually only emerge long after
the householder has moved in to their new home. For example it
will be a feature of the HIP to outline where the properties
boundaries lie. According to the Land Registry¹s records, until
very recently only 26 properties out of a national total of 17
million residential homes in England and Wales had legally and
clearly defined boundaries.
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The Consumers Association, which has been working with the
ODPM to bridge the gaps between the property industry¹s
commercial interests and the general public¹s demands for
some reform in the process, has conducted a small survey
to gauge consumer reaction to HIPs.
Some 1,018 adults who had bought or sold a property in
England
and
Wales
were asked how
useful they thought it would be to receive a HIP including
details about the condition of the property. Of those 82%
of people surveyed thought that this would be very useful,
and 13% felt that such a pack would be fairly useful.
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A
trial for the then Sellers Pack in Bristol, which covered
just 61 sales, was considered encouraging by the
government, but woefully lacking by members of the
National Association of Estate Agents (NAEA) when placed
in the context of 1.5 million annual housing transactions.
Peter Bolton King, Chief Executive of the NAEA, warned,
"Extra costs, delays and confusion will become
standard parts of the house buying process if the
Government continues to push ahead with these
controversial proposals. The packs will not reduce
gazumping or speed up buying a property, as they will
merely move the current delays to the start of the
homebuying process. In addition they will cost British
consumers an extra £300 million a year and reduce the
number of houses on the market."
HIPs businesses - to list here
contact
us
HIPs Leeds and Yorkshire
BlueBox partners (www.blueboxpartners.com)
BlueBox partners, part of the Allied Surveyors plc group,
provides training and assessment for aspiring home
inspectors and will then offer quality assurance and on
going support for its accredited Home Inspectors. Blue Box
partners, has already become an industry leader in
training and assessment and in preparing to meet home
inspector compliance standards to be set by the ODPM. As
part of the Early Adopter programme, our national network
of experienced independent surveyors, valuers and home
inspectors will deliver home condition and energy
efficiency reports to the financial services industry,
estate agents, legal practices and HIP providers.
Movers-pack, part the of Allied Surveyors plc group,
brings together the technology, industry experience and
home inspector capability required to deliver quality
assured Home Information Packs to partnering estate agency
and conveyancing organisations.
BlueBox partners’ and Allied Surveyors’ Home
Inspectors will undertake the movers-pack HCRs and will
offer a range of valuation services to mortgage lenders
including value validation via desktop AVMs and physical
valuation inspections where necessary.
CompleteHIP (www.completeHIP.co.uk)
CompleteHIP gives you control of everything you need to
prepare for the new Home Information Pack.
Convey365 (www.convey365.com)
Convey365 is a web based legal service provider
facilitating communication networks between conveyancers,
estate agents, surveyors, search agents and clients. Our
corporate conveyancing industry undertakes volume
transactions providing a service which is second to none.
Easier2Move (www.easier2move.com)
Easier2move provides bespoke conveyancing solutions to a
wide range of companies including PLCs, estate agents,
lenders and brokers. Our technology focus and distribution
provides us with a perfect platform to be a HIP provider.
First Title (www.first-title.co.uk)
First Title plc is the UK's leading provider of title
insurance and provides property related products and
services to lenders, estate agents, lawyers and brokers.
It has five offices in the UK employing more than 700
staff.
Geodesys (www.geodesys.co.uk)
Geodesys provide cost effective asset information to the
legal market. Our portfolio consists of the CON29 DW,
Environmental Reports, Planning Reports and Local
Authority Searches, and will soon be moving into the Home
Information Pack market. The services we provide enable
Anglian Water Services to ensure full compliance with
legal obligations across the Anglian Water region.
GroundSure (www.groundsure.com)
GroundSure is the UK's leading supplier of environmental
risk screening reports providing fast, accurate and
high-quality data and interpretation to residential and
commercial property professionals. GroundSure is the only
supplier of environmental risk screening reports to have
both in-house data and an in-house team of Environmental
Consultants.
Habitus (www.habitus.co.uk)
Habitus is one of the largest and longest established
national network of chartered surveyors. Its network of
450 is still growing and many of its surveyors are now
beginning to train to become Licensed Home Inspectors,
ready to undertake Home Condition Reports. By providing
the new Home Condition Report, Habitus expect to secure
commercial agreements with other HIPs providers as well as
introducing its own HIPs platform.
HIPSTAR (www.hipstar.net)
Hipstar is a member of the Network Data Holdings group of
companies that has a twenty year history in the mortgage
and housing market and includes Network Data, the largest
independent mortgage network in the country. The other
member companies are Network Surveyors and Network
Conveyancing and we benefit from long experience in
software development. With our mortgage, estate agency and
lender relationships we are well placed to supply HIPs to
the market.
Homepackgroup (www.homepackplus.co.uk)
The homepackgroup are a partnership of major water
companies who currently play a significant role in the
conveyancing search market. Homepackplus packs will be
provided nationally to guaranteed high standards of
accuracy, service and assurance.
Homesurv Ltd has been created by Russell Francis & Co,
Chartered Surveyors, which has been established as
residential surveyors and valuers in the Northants and
surrounding region for over 10 years. The new company is
geared to provide Home Condition Reports, whilst
continuing to service its existing market. Homesurv
currently comprises 5 Chartered Surveyors plus 20 trainee
Home Inspectors. Intensive training and mentoring will
ensure that leading up to launch date, Homesurv will have
25 licensed Home Inspectors capable of delivering high
levels of service and quality in the Home Condition Report
market.
Lending Solutions (www.your-move.co.uk)
The Lending Solutions group (LSL) encompasses a number of
market-leading companies providing a full range of
property-related services, including estate agency,
surveying, financial services, conveyancing, general
insurance etc. It is the 3rd largest estate agency group
in the UK, with YOUR MOVE (www.your-move.co.uk) and Reeds
Rains (www.reedsrains.co.uk) totalling 401 branches
nationwide. LSL is a significant supplier of survey and
valuation services through e.surv (www.esurv.co.uk) who
also supply third-party services to a number of major
lenders. We have positioned LSL as a substantial provider
of HCRs, supported by leading-edge technology.
LMS (www.lms.com)
LMS is one of the UK’s leading suppliers of conveyancing,
remortgage, survey and valuation services to lenders,
packagers, estate agents and mortgage intermediaries. With
a reputation for delivering high value customer focused
solutions and one of the most innovative technology
platforms in the marketplace we are perfectly placed to be
a leading provider of HIPs. Our experience extends to
managing more than 300,000 transactions each year enabling
£26 billion in loans.
MDA Advantage (www.mda-hips.co.uk)
We have been providing HIPs since August 2005, coming from
a background of creating solutions for the property
industry. We have a large number of partners and are
working with them to ensure we meet their business needs.
MDA Advantage has a strong heritage – we’re part of
MDA, a world leader in using technology to provide
essential business data. In the UK MDA designed, built and
operates the National Land Information Service (NLIS) Hub,
a public-private partnership putting UK Government and
local authority information online, and Transaction
Online, an online service linking solicitors with
electronic land and search information. MDA understands
how to manage high availability data-intensive processes
– Transaction Online alone deals with over 43,000
electronic searches per week.
MyHomeMove Conveyancing (www.myhomemove.com)
MyHomeMove is the largest independent mover conveyancer in
the UK, providing conveyancing services to the estate
agency and IFA markets.
mysalepack.com (www.mysalepack.com)
mysalepack.com has developed a simple and unique web-based
solution. It allows sellers to create a HIP online 24/7
and to track its progress. It is unique because it gives
vendors the option at no extra cost to 'buy now pay later'
- either in six months or once they have sold their home,
whichever is earliest.
OpenBook (www.openthebook.co.uk)
Openbook is a joint venture with Hometrack (www.hometrack.co.uk)
and has been providing HIPS for 10 years. OpenBook
now has a national network of OpenBook Estate Agents,
surveyors and solicitors who are already working together
to produce packs. Hometrack deliver automated
valuation products and services for surveyors, banks,
building societies and the estate agency sector.
Pack Provider (www.packprovider.com)
Operated by independent surveyors and property lawyers,
Packprovider is leading the charge as a major supplier of
Home Information Packs to independent Estate Agents across
the midlands region.
The Property Search Group (www.propertysearchgroup.co.uk)
The Property Search Group is the market leading national
search provider, which last year commissioned in excess of
250,000 personal searches. The PSG HIP solution – The
HIP Alliance - operates in conjunction with other High
Street property professionals embracing the latest
technologies and quality processes to deliver a premium
HIP solution at a competitive price, in line with their
Local Solution - National Provision policy.
Quest Associates (www.questuk.com)
Quest Associates has supplied IT and computer systems
relating to UK property transactions for over 20 years.
Building on its experience in this sector, Quest has
developed specific software packages to allow users to
access, develop, collate and share the contents of the
HIP, and the Home Condition Report, in a secure electronic
environment. Quest is the market leader in the provision
of mortgage valuation systems with its products currently
handling in excess of 2,000,000 cases per year in over
7,000 installed sites. This represents over £200 billion
of lending security.
Richards Gray (www.richardsgray.co.uk)
Richards Gray is the leading national suppliers of
conveyancing information services to all sectors of the
market. We offer a highly flexible service, including
state of the art on-line ordering and delivery systems. We
have been developing our HIP strategy for over three years
and are closely involved with the Office of the Deputy
Prime Minister (ODPM) with regard to the development of
policy and to determine which searches will be included in
HIPs. As a national provider of one of the key elements of
a HIP, we are ideally placed to provide solutions for the
HIP requirements of all sections of the property industry.
Rightmove HIPS Limited (www.rightmove.co.uk)
With a track record of delivering market leading solutions
to the Estate Agency industry for over 6 years, Rightmove
is one the top 10 fastest growing portals in the UK* and
the UK’s number one property website with over 16
million visits per month. It advertises over 660,000
properties from over 12,000 estate agents, letting agents
and new home developers. Rightmove has made a multi
million pound investment to develop a market leading HIPs
proposition based on quality, speed and support. * Net
Imperative, 18/10/05
Searchflow (www.searchflow.co.uk)
Searchflow is a pioneering and innovative NLIS channel,
which continues to be dedicated to delivering electronic
services for home buying and selling. It plans to develop
further features and functions to facilitate HIPS.
Shoosmiths (www.shoosmiths.co.uk)
Shoosmiths are one of the country's leading direct
conveyancing operations employing 250 staff acting for
more than 30,000 home movers each year. A national law
firm renowned for unrivalled client focus, Shoosmiths
deliver legal services and residential property solutions
to many leading estate agents, developers and mortgage
lending businesses.
Simply HIP (www.simplyhip.co.uk)
Simply HIP is the sister company of Simply Conveyancing,
one of the largest suppliers of conveyancing and search
services in the UK. Our clients include some of the
leading financial institutions in the country as well as
hundreds of corporate and independent estate agents. We
have an established network of solicitors, surveyors and
search providers supported by regional account managers
offering local support throughout the UK. Simply HIP is
one of only a few suppliers with a demonstrable track
record capable of delivering packs with speed, efficiency,
proven IT, choice of funding options and full indemnity.
Spicerhaart Group (www.spicerhaart.com)
Spicerhaart are Europe's largest independent estate agents
comprising of major high street brands including haart,
spicermccoll, darlows and felicity.j.lord. The group
generates over 60,000 instructions per annum and has its
own financial services, legal, surveying companies.
On a continual path of innovation, spicerhaart have
invested heavily in HIPS and the exciting opportunities
that they present.
Visualfiles (www.visualfiles.com)
Visualfiles is a leading supplier of case management
technology to the legal and residential lending
industries. The business has built a HIPs engine that is
powering the HIPs proposition of First Title and which
will be used by a range of other Pack Providers drawn from
the corporate, surveying, lending and legal markets.
xit2 Limited (www.xit2.com)
xit2 is the leading independent technology partner for
firms in the housing market and HIP providers, focusing on
its core skill of creating and supporting technological
solutions. By offering a genuinely independent solution,
xit2 has been able to work with firms across the housing
market providing innovative solutions whilst not competing
on any level, with its clients. xit2 technology operates
at the heart of numerous elements of the housing market
and provides the Valuation Exchange; an advanced web based
system available to lenders and surveyors for valuation
process management, the Repossession Exchange and the
Conveyancing Portal; a totally automated 24/7 web-based
database application that brings together lenders, estate
agents, brokers IFAs, borrowers and conveyancing
solicitors.
Campaign
against HIPs
Many
have joined the voice of warning about the packs slowing
an already unsteady housing market even further, including
a Campaign Group SPLINTA,
from Phil Spencer and Kirstie Allsopp, from Channel
4's 'Location, Location, Location'. Letter
from Kirstie
Allsopp and Phil Spencer
Useful
links
Association
of HIPs providers
www.hipassociation.co.uk/home.aspx
Kirstie
Allsopp and Phil Spencer on HIPs
www.splintacampaign.co.uk
www.hipsdirect.com
ODPM
www.odpm.gov.uk
Royal
Institute
of
Chartered
Surveyors
(RICS)
www.rics.org
National
Association of Estate Agents
www.naea.co.uk
Consumer
Association
www.which.net
Changes to Home Condition reports HCR's
19/07/06
The government's
about-face on including home condition reports (HCRs) in
home information packs when they are introduced in June of
next year has been welcomed by the many critics of HIPs.
The HCR will be a
voluntary rather than mandatory element of HIPs, although
the door has been left open to make them mandatory at a
later date. 'It is something we might consider in the
future,’ said a spokesman for the Department for
Communities and Local Government.
'It is really good news,'
said Ray Boulger of Charcols, the mortgage broker, one of
many who has been sceptical of the government's ability to
implement the legislation on time, due to an expected
shortage of qualified home inspectors. 'The government has
at last done what a number of people in the industry,
except for the HIP producers, have wanted.'
The Council of Mortgage
Lenders has warned that many lenders will not be ready to
use HCRs until 2008 or 2009, and they would continue to
seek separate mortgage valuation surveys.
A feared shortage of home
inspectors would have caused delays in sellers getting
their properties on the market, totally defeating the
object of HIPs which have been introduced in an attempt to
speed up property transactions.
A shortage of qualified
inspectors would also push up the price of a HIP, already
estimated to cost between £700 and £1,000. Boulger
believes that it is highly unlikely that HCRs will be
reinstated before the next election and the Conservative
party has already expressed its intention to abolish HIPs.
'But the government still
doesn't seem to understand some of the valuation
implications,' Boulger said. Boulger believes the major
producers of HIPs will be working towards producing
automated valuations, with or without an HCR attached.
The energy efficiency
element of the HCR will still be required although this
should cost well below the estimated fee for the HCR of £250.
However, if the price differential between the EER and a
full HCR is small, many sellers may decide to produce a
full HCR anyway to use as a marketing tool.
‘The government’s
change of plan is not entirely unexpected,’ said Sally
Laker of Mortgage Intelligence, a network of mortgage
brokers. 'With big doubts about whether there would be
enough home inspectors qualified by June of next year, I
think it is a good thing that the government has climbed
down over this. It would have created enormous problems.'
GMAC-RFC, the UK's 10th
largest mortgage lender, and a major critic of HIPs,
welcomed the government's statement. 'But let's be clear,
a HIP is not a HIP without the home condition report, it
is simply a packet of up front legal documents, currently
available online, and an energy certificate,' said
executive chairman Stephen Knight. 'These are sensible
inclusions and will not cause anything like the negative
market impact that the full pack could have caused.'
He added: 'We have
consistently called for the Government to instigate a paid
for dry run on HIPs because they were hurtling towards an
unknown consumer reaction. Our concern reached a point
where we felt serious modelling into the economic impact
of HIPs was necessary,' Knight said.
Like Boulger, Knight
believes that HCRs will probably never see the light of
day. 'With the market very much leaning towards automated
valuation models and the transformation these will bring
to the process of buying property, we feel that there is a
strong chance that HCRs will never actually be
implemented, Knight said.
In a written statement to
Parliament Yvette Cooper, minister for housing and
planning, said further testing of home condition reports,
the survey element of HIPs, was needed to ensure they
delivered the intended benefits for consumers.
'Design work on the dry run has made it clear that this
cannot be completed in time for the results to be taken
into account by 1 June. As a result, we have concluded
that there would be significant risks and potential
disadvantages to consumers from a mandatory "big
bang" introduction of full home condition reports on
June 1, 2007,' she said. HIPs will still be introduced
with searches and other key documents, including energy
efficiency reports, from June 2007..
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