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Dudley adds to scorn over HIPS idea.

Mortgage lender Dudley Building Society has added its voice to the scorn over the Government's double-take on Home Information Packs.

The previously mandatory Home Condition Report element of the pack is now to be voluntary, heaping more confusion and uncertainty on an already beleaguered scheme.

Geoff Caves, chief executive, said: "The whole concept of the Home Information Pack was flawed from the beginning, promising to be expensive to home sellers in return for very little which represented any real value.

"This latest announcement ensures that any remaining credibility the HIP may have had has been destroyed.

"The HIP was already something of a curate's egg with the Home Condition Report providing the core element.

"The HIP was designed to speed up the house selling process but at considerable expense to the seller and now the purchaser has the added cost and hassle of a separate valuation report.

"The Government are going to continue with the launch in June 2007 but now will simply include some title documents that may not necessarily be complete and a home energy efficiency report that no-one will understand."
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Title Annotation:Business
Publication:The Birmingham Post (England)
Date:Jul 21, 2006
Words:183
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