Minister heckled at HIPs conference

Author: By John Bakie
IFAonline | 19 Oct 2007 | 11:00

Categories: Mortgages

Topics: EPC

iain-wright-60-x-80-jpg

The parliamentary under secretary of state for housing and planning, Iain Wright MP, has been heckled at a conference hosted by the Association of Home Information Pack Providers (AHIPP).

During a speech at the conference, Wright refused to indicate a likely date for the rollout of HIPs for one and two bedroom homes, angering many people in the audience.

Commenting on the minister’s speech, Mike Ockenden, director general of AHIPP, says: "The Minister’s refusal to indicate the likely timing for full rollout of HIPs to one and two bedroom homes clearly angered many people in the audience. They felt very let down by the Government, and the implications of stalling on a full rollout are having a real impact on their livelihood.”

Ockenden says the rollout of home with three bedrooms or more has been successful and seamless and claims there is no further reason for delay. He rejects claims that HIPs have cause distortions in the selling of homes with three or more bedrooms.

“The market impact has been limited to a blip in listings before four and then three bedroom properties went live followed by a corresponding reduction in listings immediately after each rollout. Four bedroom home listings have now returned to normal levels according to the Rightmove data issued on Monday and three bedroom homes are following the same trend,” he says.

Homes with four bedrooms or more were required to have a HIP when being sold from the beginning of August, with three bedroom homes following in early September. Wright said current market conditions meant he could not set a formal date for HIPs on smaller properties.

If you would like to comment on this story, contact:

John Bakie
Tel: 020 7034 2682
e-mail:
John.Bakie@incisivemedia.com

IFAonline

More mortgages news

Recommended reading

Categories

Topics

Comments

There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment

Related articles

Most Read

Audio / Visual

Coffee Lounge

View all the winners here

PPR Structured Product Awards 2011

View all the winners here

This year we have 14 awards designed to mark out the very best products in a highly competitive and innovative market. This includes three new awards for 2011 to reflect the developments in this rapidly growing market: Best Dual/Multi-Index Product, Best Structured (Oeic) Fund and Best Structured Product Provider.

Events

event logo

Professional Adviser Awards 2012

09 Feb 2012 - 09 Feb 2012

London, UK

event logo

fund5live

21 Feb 2012 - 29 Feb 2012

London, UK

event logo

COVER Breakfast Briefing: Cash Plans

27 Mar 2012 - 27 Mar 2012

London, UK

Poll

Do you believe lenders should cut rates?

In Focus

Viewpoints