Home Information Packs to cover all properties from 14th December, 2007

chriserenity

david29dpo wrote: »

Only if the hip has personal searches.

It is my understanding that only a small and decreasing proportion of involved parties are still rejecting personal HIP searches. And that proportion is made up primarily of orgs/individuals that wern't accepting personal searches even before HIPs came in (therefore its not a HIP objection, more a search objection).

Otherwise, as a responsible company with a duty of care to all involved we wouldn't use them.

chartreuse_2

chriserenity wrote: »

Goto www.hipview.co.uk and search for the following property:

17 Spalding Drive
Newall Green
Manchester

YOU MAY HAVE TO COPY THE URL AS IT DOESN'T WORK FOR ME IF CLICKED ON

Click on the 'view file' for the local authority search and scroll to the bottom of the document where the insurance info is located. Its all there. As you can see, the buyer, seller and mortgage lender can rely on the info contained in the search and if there are problems full a full redress procedure is in place to deal with it.

OK Chris, I'm happy to admit that you've convinced me on the issue of liability/redress Interesting site, by the way.

Which just leaves my original point about listing my 2 bed house on a free website before Dec 14, as a way of possibly saving 300 squid.

Since writing it, I've come across this press release: http://www.responsesource.com/releases/rel_display.php?relid=34970&hilite=
They seem to have had the same idea, but are charging £11.88 for it. Not very moneysaving, given the free alternatives!

josie

Does anyone know how long HIPs are valid for? Our property has been on the market nearly 6 months, so am tempted to take it off the market til March or something and get the HIP then, rather than getting one on 14 Dec & it's only valid for a year or something - may as well have a break over Xmas?

Any ideas please?

chartreuse_2

josie wrote: »

Does anyone know how long HIPs are valid for? Our property has been on the market nearly 6 months, so am tempted to take it off the market til March or something and get the HIP then, rather than getting one on 14 Dec & it's only valid for a year or something - may as well have a break over Xmas?

Any ideas please?

Yup. Leave it on the market. If it sells before the loophole closes, you've saved the cost of a HIP. If it doesn't, you're no worse off than you are now.

chriserenity

chartreuse wrote: »

OK Chris, I'm happy to admit that you've convinced me on the issue of liability/redress Interesting site, by the way.

Which just leaves my original point about listing my 2 bed house on a free website before Dec 14, as a way of possibly saving 300 squid.

Since writing it, I've come across this press release: http://www.responsesource.com/releases/rel_display.php?relid=34970&hilite=
They seem to have had the same idea, but are charging £11.88 for it. Not very moneysaving, given the free alternatives!

I think you'd temporarily avoid the requirement for a HIP if you continuously marketed the property in the form you suggest from before the commencement date through to the point when they introduce the drop dead date.

Hows about that - a HIP provider endorsing ways to avoid HIPs. Not moneysaving but pretty priceless! :rotfl:

Seriously though, you WILL need to get a HIP at the drop dead date point and since the HIP can be used to remarket a property within a year of its production you'd only be putting off the cost, and the buyer won't benefit from the information about your property in the EPC.

This is assuming you don't sell before the DDD introduction.

chriserenity

josie wrote: »

Does anyone know how long HIPs are valid for? Our property has been on the market nearly 6 months, so am tempted to take it off the market til March or something and get the HIP then, rather than getting one on 14 Dec & it's only valid for a year or something - may as well have a break over Xmas?

Any ideas please?

Ok, on the subject of HIP validity: if you ordered the HIP today, you could use that HIP to market/remarket the property with gaps like you suggest up to one full year after today. This is the legal standpoint given by the government.

In practice however, the searches would be woefully out of date if your buyer looked at them maybe 8 months down the line. So at that point the HIP searches would need to be re-ordered. Only certain HIP providers will re-order at no cost to the seller or buyer (usually it is charged at approx 100 pounds IMO).

Does this answer your question?