HIPs extended to 1 & 2 bedroomed properties

dreamalittle

Gillibobs wrote: »

But if we still haven't sold a few months down the line is there still a possibility we would need to have one even if we never take it off the market?

The date for that hasn't yet been announced, but, yes, it's likely that eventually ALL properties on the market will need a HIP done regardless of when they were first marketed.

worldtraveller

Thread on this already started earlier today on this forum:

http://forums.moneysavingexpert.com/showthread.html?t=603529

chriserenity

Gillibobs wrote: »

Right ok, I am a bit confused (tried to read responses to other similar posts but am still not entirely sure)

We currently have our flat on the market which recently went back on after a buyer pulled out. As we're on the market already I gather we don't suddenly need to produce a HIP. But if we still haven't sold a few months down the line is there still a possibility we would need to have one even if we never take it off the market?

Hi Gill,

If your sale fell through and you put the flat straight back on the market you won't need to order a HIP. If you remarket it with a gap in between you will need one.

And yes, if the property is still not sold by the time they announce the 'drop dead date', you will need to get a HIP at that point. The drop dead date will encompass all 4 bed or larger properties put on before August 1st, all 3 bed properties put on before 10th September and all 1 & 2 bed properties put on before 14th December.