Hips needing new searches after six months

It is a year since HIPs were introduced. It’s obvious they are a waste of time. I’m sure no buyers actually read them. One problem which is emerging for sellers is that they have to replace the local search after six months. In the current market, it is not at all unusual for properties to be on the market for a few months, then there’s a potential purchase which falls through, and before you know it the sellers are having to pay out more money to keep the HIP up to date, still without actually getting any money in from the property.