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NAEA in new call to axe HIPs

The National Association of Estate Agents has renewed calls to terminate Home Information Packs in the wake of the government’s admission that it has spent £1.3m promoting them.

Peter Bolton King, chief executive of the NAEA, says that HIPs are punishing sellers at a time when they need all the help that they can get.

He says: “More galling, they are spending this money in the knowledge that 77% of buyers admit that they paid no attention to the pack whatsoever.

“The housing minister Margaret Beckett herself has admitted that HIPs are not working – but now she seems to have buried her head in the sand along with the rest of her department.

“HIPs are confusing to customers and act as a dampener on a housing market which is essential to Britain’s economic recovery.”

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