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HIPS - who needs to get one?

hermanmunster_3
hermanmunster_3 Posts: 647 Forumite
in House buying, renting & selling
I'm sure this has been covered but can someone enlighten me ? I have a property under offer - plans to complete sale in May - but if it goes past the June 1st deadline do we have to get a HIP done?
Is the cut off accepting an offer by June 1st ? exchanging or completing by June 1st???
«1

Comments

  • Amitoocautious
    Amitoocautious Posts: 88 Forumite
    We are in the same position but i think the rule is that a property cant be put up for sale without the HIPS so anything under offer should be ok
  • brock-cruse
    brock-cruse Posts: 196 Forumite
    Hi
    I spoke to my agent about this. If you are already on the market then you have 6 months to sell before a pack is needed. However, if you go new onto the market then you will need one. Hope this helps.
  • ABN
    ABN Posts: 293 Forumite
    Part of the Furniture 100 Posts
    I'm thinking of trying to move later in the year once we have found the area we want to move to.

    So as an insurance policy against having to stump up for a HIP going to advertise for FREE on
    http://www.home.co.uk/selling/home_co_uk.htm
    at an inflated price since we don't want to sell yet.
    Thus when we are ready to sell can go to an estate agent and get it marketed properly without have to get a HIP.
  • tickeverybox.com
    tickeverybox.com Posts: 22 Forumite
    If you are on the market before June 1st you won't need a HIP. You then have until December 31st to sell before you need one. If you go on the market after June 1st you will need a HIP
  • hermanmunster_3
    hermanmunster_3 Posts: 647 Forumite
    Thanks everybody ! - just hope the sale goes through and we aren't still going at Dec 31st!
  • Milky_Mocha
    Milky_Mocha Posts: 1,066 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    What is a HIP? :confused:
    The reason people don't move right down inside the carriage is that there's nothing to hold onto when you're in the middle.
  • Canucklehead
    Canucklehead Posts: 6,254 Forumite
    Good morning: Details about HIPS available here...
    https://www.homeinformationpacks.gov.uk

    Canucklehead
    Ask to see CIPHE (Chartered Institute of Plumbing & Heating Engineering)
  • meanmachine_2
    meanmachine_2 Posts: 2,624 Forumite
    Part of the Furniture Combo Breaker
    ABN wrote: »
    I'm thinking of trying to move later in the year once we have found the area we want to move to.

    So as an insurance policy against having to stump up for a HIP going to advertise for FREE on
    http://www.home.co.uk/selling/home_co_uk.htm
    at an inflated price since we don't want to sell yet.
    Thus when we are ready to sell can go to an estate agent and get it marketed properly without have to get a HIP.

    Interesting.

    If everyone did that you'd get a genuine boom and bust. A price spike in May and then a fall in prices as everyone tries to beat the December deadline.

    Feels like it could be MIRAS/1989 all over again.

    Trust the government to mess things up.
  • hermanmunster_3
    hermanmunster_3 Posts: 647 Forumite
    meanmachine wrote: »
    Interesting.

    If everyone did that you'd get a genuine boom and bust. A price spike in May and then a fall in prices as everyone tries to beat the December deadline.

    Feels like it could be MIRAS/1989 all over again.

    Trust the government to mess things up.

    Hi

    Yes I wondered about that too. Property I was interested in (but not in a position to buy was on for 375k ish, went off the market (2 agents - flat market ) last year and has come back on at 550k - presume they are either v hopeful or just marketing and not intending to sell for few months.

    sounds like the bargains might be around in the autumn as the deadline approaches..
  • Optimist
    Optimist Posts: 4,557 Forumite
    Part of the Furniture
    Milky_Mocha wrote: »
    What is a HIP? :confused:

    Another stealth tax !
    "The whole problem with the world is that fools and fanatics are always so certain of themselves, but wiser people so full of doubts."

    Bertrand Russell. British author, mathematician, & philosopher (1872 - 1970)
This discussion has been closed.
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