The volatility currently being experienced in the mortgage market has had a bearing on the planned HIP roll out, which has now been pushed back until the market stabilises again.
Speaking at the Association of Home Information Pack Providers' (AHIPP) annual conference, the Rt. Hon. Iain Wright, Parliamentary Under Secretary of State for Housing and Planning said that this volatility was the only reason for postponing HIPs once more.
Dominic Toller, director of marketing & new business at LMS, responded: “LMS welcomes this acknowledgement. We have known for a long time that the industry is absolutely ready for the full roll out of HIPs across all properties and we are pleased to hear that they are monitoring closely the effect HIPs have had so far.
"This news will also be welcomed by the many Home Inspectors and Domestic Energy Assessors who are ready to support the final phase of implementation. With over 7,000 trained and accredited, we now look forward to this critical next stage where, at last, the real benefit of HIPs will be felt and real reform can begin.”
