Nicely put!
BTW I was hearing on the radio the other morning about how a panel of three people (a solicitor, a surveyor, and an estate agent) all thought that the new scheme is doomed.
I know there is a certain mount of hype and the radio station probably trawled around to find extreme view. This has to be tempered by the fact that these views were not any old tom dick or FRICS. But representatives from the Law Society, The RICS and the NAEA.
The gist of the beef was
1) The HIP goes against the basis of all other transactions (caveat emptor). 2) The delays are usually a) The lender - they need to get an independant estimation to cover themselves b) Chains. The latter is absolute and some people choose to take the cash and rent temporarily to help break a chain. 3) With protracted sales the HIP may go out of date in several ways: