Homes information packs has been plagued with teething problems since their launch last month, with many of the first packs having to be scrapped because they have been deemed invalid. The Sunday Telegraph. The Times. The Daily Telegraph. Financial Times
Next week, the RICS and National Association of Estate Agents are expected to report that the housing market has suffered a substantial slowdown because of the introduction of HIPs.
The problems come as the scheme is extended to all those house sellers that have properties with three bedrooms or more – 1•25 million properties, an estimated two-thirds of the 1•9 million houses that are put up for sale each year. However, the scheme is beset with problems.