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Tuesday 22nd May 2007

Latest Government about-turn!

Yet again, HIPS introduction has been put into chaos. Today, Ruth Kelly has announced that HIPS will be deferred until August 2007.....what a mess!

Yet again, HIPS introduction has been put into chaos. Today, Ruth Kelly has announced that HIPS will be deferred until August 2007 and that even then only 4-bed properties and over will require the EPC.
The HIPs industry is in shock! A significant amount of investment in people, systems and money has been put into serving this legislation already. Thousands of people are trained and licensed to provide EPC's from 1st June whilst many more are in training.
The action has been encouraged by the RICS and the judicial review proceedings.
What more can we say at the moment except that this latest change will cause serious financial problems in the HIP's industry. Let's hope that when we get round to August, HIPS will at least begin.
We also still expect that the HCR will be chosen by smart vendors and estate agents to form part of the HIP.
But this latest chaos leaves uncertainty in everyone's minds........what a mess!
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