We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Reusing the HIP
housesitter
Posts: 545 Forumite
If I buy a house can I put it back on to the market right away using the previous HIP so long as it is still within the valid date?
All the information should be the same, so is there anything stopping me ?
All the information should be the same, so is there anything stopping me ?
0
Comments
-
No, because one of the items in the HIP is the title information from the land registery. This will obviously change when the property has a new owner0
-
Good point. So replace that document (and anything else which needs my name on rather than previous owner) and we're good to go?0
-
You can reuse the EPC. How old is the HIP?0
-
As I understand it (someone will correct me if I'm wrong)... as soon as the property is removed from tha market (IE upon completion) then the HIP becomes invalid.
Also a lot of mortgage companys won't offer a mortgage on a property that has been owned by the vendor for less than 6 months. So anyone tryinging to buy from you would most likely to have to be a cash buyer. (This is to do with money laundering)
HTHI love giving home made gifts, which one of my children would you like?
:A 0 -
The only part of it that you can reuse is the EPC.
And Jenny is correct, It will be almost impossible to sell the property unless you have owned it for 6 months or more.My home is usually the House Buying, Renting and Selling Forum where I can be found trying to (sometimes unsucessfully) prove that not all Estate Agents are crooks. With 20 years experience of Sales/Lettings and having bought and sold many of my own properties I've usually got something to say
Ignore......check!0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604.1K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards