CML slams Hips
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Money News |
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CML slams Hips
Fri 27th Oct 2006
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Legislation comes into force on June 1st 2007, relating to the distribution of Hips and the director general of the CML, Michael Coogan, has underlined his belief that there are not enough home inspectors in place to meet demand for the packs.
Allied to this, Mr Coogan said that he did not believe the dry run of Hips, to take place late in 2006, would be an effective measure of their success, when he addressed members of the property industry at a dinner.
Mr Coogan remarked: "I understand that there are less than 500 qualified home inspectors - we are woefully short of the numbers needed to produce even energy performance certificates if they remain a core part of the pack."
The aim of the pack is to provide house buyers with comprehensive information surrounding the property purchasing process, as well as legal documents and an energy performance certificate.
Related News : Housing market |
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