HIP’s hits the agents

Confidence in the housing market is at a ten year low report the estate agents. Its not so much Hip Hip hooray just more layers of bureaucracy.

HIP’s are compulsory for house with 3 or more bedrooms. But from tomorrow they are required for smaller home as well. Packs typically cost £300 to prepare.

The packs are seen as adding extra layers to the house buying process that isnt welcome. The Royal Institute of Charted Surveyors have reported price falls four months in a row. They also found that only 1 percent of buyers ask to see a HIP .

First time buyers who may want to move up the ladder will now have another cost from tomorrow.