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Tories issue HIP warning

The Conservative Party is warning investors of the risks of holding shares in providers Home Information Packs (HIPs), the governments flagship policy for speeding up the house sale process, and recommending that any such companies diversity their business. Shadow Ministers have pledged that an incoming Conservative Government will pass legislation to scrap the requirement for a home owner to purchase a Pack.

In the statement Shadow Housing Minister Grant Shapps said ofHIPsHIP ''Given a Conservative Government will scrap this red tape, investing in Home Information Pack companies should now carry a health warning.''

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