Jeff Smith, chief executive of HIP Payment Services, has called the Royal Institute of Chartered Surveyors (RICS) ‘misleading and irresponsible' for claiming Home Information Packs will force first time buyers out of the housing market.
As part of RICS’s monthly house price survey, the group claims the roll-out of HIPs for one and two bedroom properties would ‘crunch’ first time buyers out of the market. However, Smith disagrees, saying: "The latest anti-HIP propaganda from RICS is both misleading and irresponsible, reflecting a number of the ill-conceived backward thinking policies we have seen coming out of the Tory party in recent months.” He argues that first time buyers are one of the groups who will benefit most from HIPs saying the scheme will help make house buying and selling easy and more affordable. “Transfer...
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