Monday, 20 August 2018

HIP 2 is not hip and not a real option.

First reaction to the NDR 2018.

Home Improvement Programme 2 is supposed to work hand in hand with VERS. At that time, owners of 70+ year old flats will be offered 3 options.

1) HIP 2. This will cost money. For a flat with "decaying" value. You will also suffer the inconvenience of improvement works.
2) Voluntary Early Redevelopment Scheme (VERS). This will give owners some benefits.
3) Do nothing, and run out the lease. No costs. No benefit.

Option 1 is to "motivate" owners to choose VERS (option 2).

So faced with the three options, what would you choose? 

Option 1? 

I don't think so.

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