Compiling my own HIP: My experience.

boots_babe

Essexdelboy wrote: »

Well a £170 deal is very good, who did you use? Did it take long? My bungalow was on the market after 1 day of it being valued and as I said you have complete control, i.e. the HIP's is not in a backlog of hundreds with a large company. But I agree, if time and the small cost difference is not an issue then it seems like a perfectly suitable alternative.

However £20 is still £20, I have shopped around to save more I can tell you.

Just looked back in my emails - we used Hips4u. We were already on the market, so it wasn't delaying us from getting on the market. However we commissioned it at end of Dec, right around the busy Christmas period. The day after we paid for the HIP, the energy assessor came to our house. The full HIP was with us within a week, so we were very pleased with the response.

Pinkshoes - I know £20 is £20, and believe me I scour the internet for best price on anything I ever buy, even if it means saving 20p lol!! But for all the time and effort involved, in this case I'd definitely say the additional £20 was well worth it I think :-)

Essexdelboy

Evee2000 wrote: »

Unfortunately, you CANNOT download 'Official copies' from the Land Registry website, unless you have an account with them. Please check your documents, as they will have a disclaimer on them, which confirms that they are NOT official 'OC1' copies. If this is what you have used, your HIP is non compliant. You can order an OC1 over the telephone - but you cannot download it. Oh, and the price of these increase as of tomorrow.

or an OC1 request costs £6 per document (title and register costing £12 in total)

chickmug

Hi Essexdelboy

Interesting thread.

Can I ask how many hours work in total to get your HIPs done?

Essexdelboy

boots_babe wrote: »

Just looked back in my emails - we used Hips4u. We were already on the market, so it wasn't delaying us from getting on the market. However we commissioned it at end of Dec, right around the busy Christmas period. The day after we paid for the HIP, the energy assessor came to our house. The full HIP was with us within a week, so we were very pleased with the response.

Pinkshoes - I know £20 is £20, and believe me I scour the internet for best price on anything I ever buy, even if it means saving 20p lol!! But for all the time and effort involved, in this case I'd definitely say the additional £20 was well worth it I think :-)

As of 6th April of this year the sellers HIPs has to be in place before you can legally market the property, but I agree with the previous post that it does seem a revenue exercise, I very much doubt a seller pays much interest in the HIPs, its more for the solicitors eyes I suppose.

Essexdelboy

chickmug wrote: »

Hi Essexdelboy

Interesting thread.

Can I ask how many hours work in total to get your HIPs done?

to be honest not much. The forms take a while to fill out (1 hour or so), but a HIPs provider would need you do to these as well. But i would estimate and 5-6 hours in total spread over a week.

poppysocks1

That was really informative and it is great that you have gone to the trouble of sharing the information with everyone. Agreed, the savings are minimal, but for someone who has the time and wishes to do it themselves then the information with links is a great reference and starting point.

Thanks!

Evee2000

Essexdelboy wrote: »

As of 6th April of this year the sellers HIPs has to be in place before you can legally market the property, but I agree with the previous post that it does seem a revenue exercise, I very much doubt a seller pays much interest in the HIPs, its more for the solicitors eyes I suppose.

Well, no not really - a 'basic HIP' needs to be in place before you can market your property. ie:

index
piq
epc
sale statement
title docs

Thats it - no delay for marketing once the EPC and PIQ have been completed (within 24 hours usually).

Essexdelboy

Evee2000 wrote: »

Well, no not really - a 'basic HIP' needs to be in place before you can market your property.QUOTE]

But it still needs to be in place whether its basic or not, its the law. You have 28 days to present the searches after marketing.

TigerLilly_2

I have just finished compiling my own HIPs but the estate agent I was planning on using for the sale says it must be validated by an official registered HIPs provider. Any advice? All of the HIPs companies that I have tried have said that they will only prepare the HIPs from scrath, they will not check or "validate" an independant pack.

G_M

Agent is making up his own rules - Direct him to the gov site. If he won't budge, change your agent as he's clearly untrustworthy and/or ignorant and/or out to rip you off.