As the waiting game drags on as to exactly when the axe will fall on Home Information Packs, AHIPP is understood to have held an emergency meeting yesterday.
A spokeswoman at Communities and Local Government had earlier told EAT that the minister has instructed that the abolition has “top and urgent priority”.
The AHIPP meeting, say sources, were told that it is believed that HIPs will be suspended within seven days. It is understood that attendees were asked to contribute to a £100,000 fighting fund – with a law firm standing by to take the case – to overturn the suspension.
It is believed the case would be fought on the grounds that whilst the Government would suspend HIPs because they are not working, AHIPP would contend otherwise.
AHIPP director general Mike Ockenden has been invited to comment.
Separately, NAEA chief executive Peter Bolton King said of the likely suspension and abolition: “It is essential that they sort this out quickly. Already there is news of sellers holding off coming to the market.
Full story here from Estate Agency Today
