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Hips fiasco continues

By Andy Shaw | January 23, 2010

Originally Posted 15th June 2007

Surprise, surprise there’s a loophole in the government regulations regarding HIPs. This is for the people who are left having to take up a HIPs pack, i.e. 4 bed houses and above.

Obviously every major body is trying to get the government to make a U-turn on this poor idea, but the judgement on that will have to wait a while.

Anyway, the rules state that a pack has to be commissioned when a house is put on the market, but it does not have to be ready before contracts are exchanged.

So I’m setting up a company that will prepare your HIPs for you, that charges just £100 up front so that you can legally state you have applied for it and then my company guarantees 100% to have the HIP’s pack ready for you at some point in the next 10 – 100 years. Please make cheques payable to ‘Thanks again for another loophole Ltd’

When I first discussed HIPs with Julian, I said there would be plenty of loopholes and he said it, ‘nah it would be scrapped altogether.’ I think he could be right, but the jury is still out at the moment, and as I regularly say, they make the rules we just play by them.

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