http://dofonline.co.uk/blogs/the-edge/law/scrapping-hips-882225/ Richard Northedge takes on corporate finance Sun, 12 Feb 2012 07:51:31 +0000 http://wordpress.org/?v=2.5.1 http://dofonline.co.uk/blogs/the-edge/law/scrapping-hips-882225/#comment-12408 John Woolmore Wed, 25 Nov 2009 09:24:49 +0000 http://dofonline.co.uk/blogs/the-edge/?p=430#comment-12408 Whilst HIPS would appear to be a worthwhile exercise, in reality how many buyers even ask for the HIPS report let alone use it as a basis either for negotiation or decision making? The information contained therein is practically ignored by the legal process anyway. It's not as though it saves anyone money it has just put yet another layer of bureaucracy in place. A typical Labour trick - don't fix it , slow it down or burden it instead. I think the comment about Stamp Duty being a sales tax is rather pertinent and sensible. The true cost of a house is then open to all from the outset. The trouble is that sensible ideas do not stem from political minds whatever persuasion. Whilst HIPS would appear to be a worthwhile exercise, in reality how many buyers even ask for the HIPS report let alone use it as a basis either for negotiation or decision making? The information contained therein is practically ignored by the legal process anyway. It’s not as though it saves anyone money it has just put yet another layer of bureaucracy in place. A typical Labour trick - don’t fix it , slow it down or burden it instead.
I think the comment about Stamp Duty being a sales tax is rather pertinent and sensible. The true cost of a house is then open to all from the outset.
The trouble is that sensible ideas do not stem from political minds whatever persuasion.

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