RICS Recommend HIPS Delay

The RICS has released a statement on their website recommending the postponement of the introduction of mandatory HIP's.

The statement follows the review undertaken by the Government.

The comment from the RICS is detailed below:

Home buying reform - yes! But, as these implementation proposals are potentially detrimental to the market and in the interest of consumers and the wider economy, we have little choice but to call for a postponement.
"This would provide the opportunity to look at home buying reform in the round, which we have been urging government to do for some time.
"We believe that it is time to sweep up all the problems with home buying and selling rather than focus on the depleted home information pack which has had most of its stuffing removed."

A further delay in the introduction in the HIP's is a real blow to those looking to benefit from the new documentation. With under 100days to go before it's official launch, home owners are still no nearer to knowing what they will have to provide when they come to sell their properties.

Bit of a shambles....