RICS calls for postponement of HIPs

21st February 2007

In response to the Government’s consultation on home information packs (HIPS), RICS has today called for the postponement of mandatory HIPS.

RICS spokesman Jeremy Leaf said: “Home buying reform yes! But, implementation proposals are potentially detrimental to the market and in the interest of consumers and the wider economy; we have little choice but to call for a postponement.

“This would provide the opportunity to look at home buying reform in the round, which we have been urging the Government to do for some time. We believe that it is time to sweep up all the problems with home buying and selling rather than focus on the depleted home information pack which has had most of the stuffing removed.”

RICS has offered a number of solutions to the Government as part of its consultation response and is working with other Government departments and colleagues in industry to deliver real benefits for consumers.

About RICS

RICS (Royal Institution of Chartered Surveyors) is the mark of property professionalism worldwide. It covers all aspects of property, construction and associated environmental issues. RICS has 130,000 members globally and represents, regulates and promotes the work of property professionals throughout 121 countries. RICS is governed by a Royal Charter approved by Parliament which requires it to act in the public interest. It is also a professional regulatory body approved by Government (HM Treasury).