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do we need a HIP?
flaura
Posts: 242 Forumite
we are currently letting our property to tenants and they have asked us if they can buy it we are quite happy to sell to them at the right price as we were riding the market until it stopped dropping
however - question is do we need a HIP? not sure how it works as the property is currently tenanted but of course it is them that are buying it?
obviously we'll get a solicitor involved was just a thought in my head and wondered if a bright bean on here might actually know?
however - question is do we need a HIP? not sure how it works as the property is currently tenanted but of course it is them that are buying it?
obviously we'll get a solicitor involved was just a thought in my head and wondered if a bright bean on here might actually know?
Lightbulb Moment - March 2004 
Highest Debt: £16,896.00 :mad:
:rotfl: Debt Free Date 25th July 2007 !!
:j and still DEBT FREE
Highest Debt: £16,896.00 :mad:
:rotfl: Debt Free Date 25th July 2007 !!
:j and still DEBT FREE
0
Comments
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As there was no marketing involved then No.....you will not need a HIP.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 -
excellent :jLightbulb Moment - March 2004
Highest Debt: £16,896.00 :mad:
:rotfl: Debt Free Date 25th July 2007 !!
:j and still DEBT FREE0 -
we are currently letting our property to tenants and they have asked us if they can buy it we are quite happy to sell to them at the right price as we were riding the market until it stopped dropping
however - question is do we need a HIP? not sure how it works as the property is currently tenanted but of course it is them that are buying it?
obviously we'll get a solicitor involved was just a thought in my head and wondered if a bright bean on here might actually know?
just an epc, but you may have that as you are rentingMy posts are just my opinions and are not offered as legal advice - though I consider them darn fine opinions none the less.:cool2:
My bad spelling...well I rush type these opinions on my own time, so sorry, but they are free.:o0 -
Yes, fairly resent. From 1st October 2008. You will need one to sell. I pay £45.000
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the reason I ask is that we sold a property last year with out marketing and we did not get a EPC nor did the solicitor ask about one0
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Then the buyers solicitor needs a retest!0
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I am just going through a private purchase and specifically asked my solicitor about any requirement for an EPC. She too said there was no need.0
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My parents-in-law have just sold to their son, an EPC was required. Cost around £45. It is a requirement to provide and EPC for any private property being rented or sold now.:jProud mummy to a beautiful baby girl born 22/12/11 :j0
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From direct.gov.uk
"An EPC is required when a building is constructed, rented or sold. A building will need an EPC if it has a roof and walls and uses energy to ‘condition an indoor climate’. This means it has heating, air conditioning or mechanical ventilation. For example, a garden shed would not need an EPC if it doesn’t have any heating.":jProud mummy to a beautiful baby girl born 22/12/11 :j0
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