Do HIP's Expire?

milliemonster

Yes indeed the HIP's only last for 6 months, when we sold our house in March (it had been on the market 4 months) we were told by the company that did the HIP that originally the government wanted them to be redone every 3 months, do you remember when the introduction was delayed?, apparently it was because they were arguing over how long they should last before having to be redone, they finally settled on 6 months.

They should just be scrapped anyway, despite us having a HIP, our buyers solicitor still redid everything, and so did our solicitor for the house we bought

david29dpo

milliemonster wrote: »

Yes indeed the HIP's only last for 6 months, when we sold our house in March (it had been on the market 4 months) we were told by the company that did the HIP that originally the government wanted them to be redone every 3 months, do you remember when the introduction was delayed?, apparently it was because they were arguing over how long they should last before having to be redone, they finally settled on 6 months.

They should just be scrapped anyway, despite us having a HIP, our buyers solicitor still redid everything, and so did our solicitor for the house we bought

The HIP is valid until the house is sold, not 6 months. The searches can go out of date but the seller does not have to do anything legally.

Annpan

Yes, it's the searches that last only 6 months. The purchaser's solicitor should be the one to do searches in this case, I reckon at the purchaser's expense, but I suppose it's negotiable. The Energy Efficiency lasts 10 years and you can take a property off the market for 12 months and put it back on again without purchasing another HIP providing it's not longer than 12 months.

dexters_mum_2

A friend of mine recently bought a flat which had a HIP. His mortgage company would not accept searches paid for by a 3rd party, so he had to get them done again and I believe (from what he told me) the flat had been on the market for 4 months.

confused31_2

david29dpo wrote: »

The HIP is valid until the house is sold, not 6 months. The searches can go out of date but the seller does not have to do anything legally.

This what ive been told and if you go on a lot of hip sites say the same, in the questions and answers, if they only last a year mine runs out in a few weeks, and theres no way im going to buy another i just wont say anything and just leave it.

If the estate agent contacts me and says i need to re new it or they will take it off the market, then it will have to come off.

heres a few, that say they last for as long as the house is on the market.

http://www.hips4u.com/HowLongWillTheHIPLast.aspx

http://www.hip-team-1.co.uk/faq.html#9

http://www.hipmanager.com/help/FAQs.aspx#10

However i have also been told if you sell your house privately you dont need a hip, so they may have to be another option to look at.

To be honest i think if hips run out after a year, a lot of people will be coming off the market when theres run out, i know i will be especially with the market ata standstill, why pay the government more money????

there taking us for a ride all the time as it is.

confused

david29dpo

The HIP does not run out as far as the seller is concerned. Indeed, if you sell your house with NO marketing, you dont need a HIP

peaksoft

On Friday, I accepted an offer on my house (down 22% on the asking price set in April) and on Wednesday the buyer's solicitor said they wouldn't accept the HIP because the searches were six months old. I certainly don't want to upset the sale, so I've paid the buyer's solicitor £138 to redo them.

david29dpo

This is what some or most sellers are doing to keep the sale.

dest

Hi,

Just for info i work in HIPs and can clarify that provided the HIP is continuously marketed it is valid indefinately.

If it is taken off the market, as long as it is put back on within 12 months of the point of first marketing it will still be valid

Private sales do not require a HIP (however i believe they need an Energy performance certificate)

There are also a few other exceptions which wont require a HIP, properties that are giong to be demolished, portfolios of properties, properties without vacent posssesion (e.g. with a tennant), holiday homes (must be clear from marketing). There may be more, but that is all i can think of off the top of my head.

For the searches issue, as previously stated, they are valid for the HIPs purposes, but probably not for the mortgage lenders if they are out of date. The onus is on the buyer, but in the current market they are in the position of power

colourfilm

What is happening with HIPs on the 6th of April? Is it worth putting my house on the market straight away to avoid this? I was going to do it in about a month.