View more on these topics

Govt could face multi-million-pound claims over Hip U-turn

Furious home information pack providers and home inspectors are threatening action to recoup the millions of pounds they have lost after the Government’s dramatic Hip U-turn.

Providers say they may seek compensation after the Department for Communities and Local Government last week announced that home condition reports will be voluntary, removing the major component of the packs.

Many of the estimated 4,700 home inspectors who are in training want to get back the 7,000 they have each spent, totalling just under 33m.

Total industry expenditure is estimated at 250m.

The Awarding Body for the Built Environment, which runs training courses for home inspectors, says training centres have already seen redundancies as demand for qualifications wanes.

Abbe project manager Roger Bishop has written to housing minister Yvette Cooper protesting that the Government has gone back on its word in April that HCRs would be mandatory and saying that many qualifications now have no value.

Bishop says: “The change brings the validity of our qualification into question. The timing of the announcement came when the scheme was gaining momentum. Candidates are looking to recoup their losses but I do not know of any centres that have said they will give refunds yet.”

A DCLG spokeswoman says it is up to individual centres to offer refunds.

Conveyancer Easier2Move has also blasted the DCLG for failing to give warning of the U-turn. Sales and marketing director Karen Babington says: “I am now questioning whether we should help the DCLG to gather statistics. If other Hip providers seek compensation, then we will follow. We still need assurances that Hips will be implemented on June 1, 2007 as we cannot trust the Government now.”

The Scottish Executive has confirmed that the Government U-turn will have no impact on property information packs, the Scottish version of Hips, where HCRs will still be mandatory.


Easier2Move, Homepackplus, LMS, Shoosmiths

Estate agents
Spicerhaart, Rightmove

Hip specialists
Hipstar, Mysalepack, Reallyhip, Simplyhip

Home inspector training firms

Property services
Lending Solutions

Allied Surveyors, Countrywide Surveyors, Homesurv

Technology Firms
SearchFlow, xit2


Boleat to take on chasers

Ex-ABI chief will work part-time and says claim firms and advisers that dodge regulation will be prosecuted

Too hot to handle

We all know that the past few days have been sweltering but it looks like the heat has got to the good folk at Kensington Mortgages. Here is a line from its new PR and ex-mortgage hack Alex Hammond introducing the firm’s set of rates: “When it comes to predicting sweltering summer madness, the Met […]

With the greatest of sleaze

May I congratulate and thank Aifa director general Chris Cummings for his defence of IFAs generally. What many people find amazing is how the FSA manages to generate so much activity designed to make life as difficult as possible for advisers all under the guise of customer care and protection. We have a quango which […]

This week in Politics

Pension bods from the three political parties must be sick of the sight of each other with three seminar events squeezing themselves in this week before Parliament goes into recess next Tuesday.


Guide: 10 required letters — what to send, to whom and when?

This guide from Johnson Fleming will take you through the required communication and also give ideas for additional actions that will ensure your auto-enrolment project is a success. The topics in this guide include: the letters you need to send out; what to send and when; the importance of employee engagement; and what to consider as additional communication.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm