Lords tell Govt to keep HIPs under review

The Lords’ Merits of Statutory Instruments Committee acknowledged the controversy surrounding HIPs and says the effect of new regulations needs to be monitored to ensure there is no unnecessary regulatory burden on home sellers. The Committee has reported on HIPs four times, including a request for the Government to introduce Home Condition Reports (HCR) to the packs, a move which the Government decided against. The Committee expects the Government to keep its policy under review, to ensure it does not have an adverse affect on UK house sales. HIPs become mandatory for all residential pr...