10 August 2007The rollout of Home information packs (HIPS), hailed as getting off to a good start earlier this week by the Association Home Information Pack Providers (AHIPP), has been hit by new criticism centring around a supposed conflict of interest.
Consultants employed to help with the initial implementation of the packs had a financial interest in a company looking to help with a certification scheme, the NAO has advised, adding that the Department for Communities and Local Government (DCLG) did not act quickly enough.
The NAO will now begin a full scale investigation into the way in which Hips were introduced to the Uk Property market.
“This latest criticism, which has come from the government’s own audit office, is yet another confirmation of the inadequacy of Hips," commented Peter Bolton King, chief executive of the National Association of Estate Agents (NAEA).
"We also wonder what might have happened had the report come out some weeks before the Hips start date rather than a few days after?," Mr Bolton King continued.
Hips were rolled out on August 1st following an initial delay of two months.
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