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The National Association of Estate Agents (NAEA) has responded to a report from the National Audit Office on home information packs (Hips), describing it as another sign of the initiative's inadequacy.

According to the investigation, consultants employed by the government to help implement the scheme had a conflict of interest as they owned shares in one of the companies bidding to run part of the scheme.

The office carried out its review after a complaint from the Royal Institution of Chartered Surveyors over how the Hips scheme was being run.

Peter Bolton King, chief executive of the NAEA, said: "This latest criticism, which has come from the government's own audit office, is yet another confirmation of the inadequacy of Hips.

"We have voiced our unhappiness over a number of aspects of the Hips implementation right from the start and have not been alone in our concerns…The fact that a full investigation into the Hips implementation is due to be launched next year by the National Audit Office speaks volumes."

Mr Bolton King claimed that a House of Lords select committee expressed concern over the information pack scheme earlier in the year but its warnings were ignored by the government.

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Author:  Joanne McCabe

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