Govt slammed over handling of HIPs

clock

The Government has been criticised by a committee of MPs for ‘losing its nerve' over the full introduction of Home Information Packs (HIPs).

The Communities and Local Government Select Committee says ministers failed to justify their reasons for delaying the introduction of HIPs and argues decisions were taken for purely political reasons. In a report published today, the committee says the decisions to delay HIPs “were taken on political, rather than economic grounds, owing more to a failure of nerve in the face of vocal opposition from the press and others, than to general conditions prevailing in the housing market itself.” The Government was also criticised for failing to win over stakeholders, after the Royal Institute of...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Mortgages

Client conundrum: Mortgage overpayments versus investments

Client conundrum: Mortgage overpayments versus investments

1.4 million people will see mortgage deals end this year

Laura Suter
clock 22 February 2023 • 3 min read

Summer economic update: Sunak confirms stamp duty holiday in 'mini-Budget'

Mini Budget

Hannah Godfrey
clock 08 July 2020 • 2 min read

FCA sounds alarm on equity release advice

'Tick-box exercise'

Hannah Godfrey
clock 17 June 2020 • 1 min read