The abolition of home information packs (Hips) has opened up the housing market to chancers once again, it has been claimed.
Restrictions imposed by the much-maligned Hips discouraged opportunitists from putting their property up for sale in the hope of being offered a very good price, according to Briffy.com.
Founder of the property website David Amstell explained that getting rid of Hips will see the return of "chancers" and "time wasters" to the market.
He added: "[We have] probably just got a lot of time wasters out there now testing the market.
"If they get a reasonable price they may sell, but if they don't then they have lost nothing and it has just cost the estate agent his marketing fees."
His comments follow the publication of new figures from property website Rightmove, which indicated that the number of property listings on the website increased by 35.4 per cent following the abolition of Hips.
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