HIPs will cause problems for people wanting to downsize

After the government’s latest U-turn, only houses with four bedrooms or more will require HIPs. Many pundits have latched on to the problem of defining what constitutes a four-bedroom house, but what about the owners of properties that clearly have four bedrooms or above but wish to downsize to three-bedroom houses?

These poor souls will not only have to buy HIPs but also pay for new searches. Why should they be responsible for the cost of searches at the time of purchase as well as sale?

Perhaps communities secretary Ruth Kelly could give me an answer.

Kevin Mitchell
Blueprint Mortgages
By email