6 June 2014
HIPs? What now? Well, today it become mandatory for sellers of three-bed homes to commission a HIP - that means 60 per cent of the market will be affected, whereas when it was just four bedrooms and more it was around 20 per cent.
Property professionals - estate agents, surveyors, solicitors, lenders - are dismayed and fear the Packs will kill the market.
Why so glum? HIPs, you'll remember were introduced for properties with four beds and over on 1 August.