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Thursday, May 24, 2007

HIP Replacement Therapy

The nervous property market was given a much needed boost of confidence by the government's announcement that it is in effect abandoning its unloved, and ill thought out, Home Information Pack (HIP) scheme.

HIP's were meant to have come into force this July. However, the costs involved and the fact that neither the market nor the home sellers were ready for the bureaucratic nightmare that this ill thought out idea would cause meant that most were hoping for them to be killed at birth.

Ruth Kelly's announcement has all but killed them. HIPs will, for now, only apply to 4 bedroom houses and will come into force in August.

The astute amongst you will have already realised that the fourth bedroom can be converted to a study, thereby avoiding the need for these unloved and costly box ticking forms.

The HIP is dead!

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