CML criticises "costly indulgence" of Hips

Posted: 30 Oct 2006 12:10:45 GMT


            Property News - CML criticises "costly indulgence" of Hips

The Council of Mortgage Lenders (CML) has weighed into the ongoing debate about Home Information Packs (Hips), describing the scheme as a "costly indulgence".

The Council of Mortgage Lenders (CML) has weighed into the ongoing debate about Home Information Packs (Hips), describing the scheme as a "costly indulgence".

Speaking at the Property Forum's annual dinner the CML's director Michael Coogan called on the government to consider whether the expense would be justified.

"The CML has never been anti-HIP," said a statement issued by the organisation.

"But, despite having dropped the requirement for a home condition report in the packs, the government is still sticking with its original plans for a complex certification system and databank for inspectors producing energy performance certificates - which now looks disproportionate and anachronistic."

A second major organisation which has previously backed Hips, the Royal Institution of Chartered Surveyors (Rics), has voiced concern about the methodology of Hips trials.

It said that the government has still not issued information on what indicators it will use to judge trials and without this they would not be credible.

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