Market volatility preventing Hips rollout

A government minister has said that the only reason that Home information packs (Hips) have not yet been rolled out is because of the current "volatility" seen in the financial markets.

Parliamentary under secretary of state for housing and planning Iain Wright has said that the government is paying attention to the way in which Hips had affected the market thus far, but revealed that market uncertainty was preventing the packs from being implemented for one and two bedroom homes.

Meanwhile AA Legal Services has called for patience regarding the rollout following the Conservative Party's pledge to scrap the packs.

"We are pleased to hear that they are monitoring closely the effect Hips have had so far," commented Dominic Toller from Hip provider LMS.

"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," Mr Toller added.

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