Hip

leonie08

I'm sorry if this has been discussed before. I'm putting my house on the market this week and have been told the HIP wil cost £410 if I take it through the agents.

Can anyone recommend a cheaper one?

Thank you

Leonie x

christ12345

do your own its cheaper and easy

The only thing you need to do if get the official title from land registry and the title plan each cost 10 for the OFFICIAL copy. The one you get online is not the officla copy. You have to send a letter.

You need a CON 29R form which you can buy from legal stationers for 5 pounds and is staright forward to fill in as is the LLC1 form and the CON29DW which you get from drainage. The home engery is done by someone else so no worries there.

Example are on the offical HIP website and you can follow those.

christ12345

do your own its cheaper and easy

The only thing you need to do if get the official title from land registry and the title plan each cost 10 for the OFFICIAL copy. The one you get online is not the officla copy. You have to send a letter.

You need a CON 29R form which you can buy from legal stationers for 5 pounds and is staright forward to fill in as is the LLC1 form and the CON29DW which you get from drainage. The home engery is done by someone else so no worries there.

Example are on the offical HIP website and you can follow those.

leonie08

I wasn't aware I could do my own.. I must say I find it very confusing.

If I do my own how long until I can market the property?

Leonie x

jimc_2

leonie08 wrote: »

If I do my own how long until I can market the property?

Leonie x

What an interesting question. The (current) regulation is that you can commence marketing as soon as you have commissioned the HIP. Estate Agents would normally ask for a copy of the receipt proving you'd ordered it. If you do it yourself I've no idea how you'd prove this. Maybe the receipt for the forms mentioned above?

If you don't fancy doing it yourself just look around. Other threads mention prices of £199 +VAT. I think one of them mentioned that Tesco had a deal going. (Buy one - Get one free?)

Richard_Webster

I think you will find a lot of solicitors are doing them for £250 -£300 plus vat for a freehold property. Sometimes there is a discount on the conveyancing fees if they then do the conveyancing on the sale.

The local and drainage searches and the EPC will cost £200-£250 so you won't save a lot doing it yourself.
.

leonie08

Thanks all!I've made a few phone calls and I've found someone who can do the hip for £250 (inc vat) but the estate agents seem very annoyed with me and want to charge me £30 to check it! And they also say it will mean a delay in marketing the preperty.Maybe I should go to another estate agent

Richard_Webster

leonie08 wrote: »

Thanks all!I've made a few phone calls and I've found someone who can do the hip for £250 (inc vat) but the estate agents seem very annoyed with me and want to charge me £30 to check it! And they also say it will mean a delay in marketing the preperty.Maybe I should go to another estate agent

Tell them you are going elsewhere if they want to charge extra to check the HIP - they are making enough as it is.

chriserenity

christ12345 wrote: »

do your own its cheaper and easy

The only thing you need to do if get the official title from land registry and the title plan each cost 10 for the OFFICIAL copy. The one you get online is not the officla copy. You have to send a letter.

You need a CON 29R form which you can buy from legal stationers for 5 pounds and is staright forward to fill in as is the LLC1 form and the CON29DW which you get from drainage. The home engery is done by someone else so no worries there.

Example are on the offical HIP website and you can follow those.

For others reading this thread please beware the above advise - it is

a) wrong and
b) incomplete

I will be creating a sticky for all things HIPs in the near future to cut down on these requests for information.

jimc_2

chriserenity wrote: »

I will be creating a sticky for all things HIPs in the near future to cut down on these requests for information.

Thank heavens for that!

leonie08 wrote:

the estate agents seem very annoyed with me and want to charge me £30 to check it!

I know that you made a comment in another thread that Agents are ALLOWED to make this 'checking' charge (but what qualifications they have to do that is HIGHLY questionable) but why do they need to check anything? Their only requirement under the Act at present is to ensure that it has been commissioned. After June 1st they only need to know that it has been completed before marketing begins.

As the OP notes, Estate Agents seem to be treating this as a source of income to compensate for not being allowed to supply their own, overpriced HIP.

chriserenity

Hi Jim,

I would suggest that this 'agent checking fee' is as Richard says a product of estate agent greed in many cases. Alot of agents make £50-£100 on every HIP they order but as I said before, some may be genuinely be concerned with the contents but its not really their remit to check this - its the HIP provider's. So how do you check the HIP provider knows what they're on about? Ask to see an online example and check all is present that should be against a checklist - simple.

As for the cessation of first day marketing it is a commonly held belief that from June 1st the full HIP must be in place before marketing can commence. The truth is that only the Index, Sales Statement, EPC and Land Registry information needs to be in place for marketing to begin. A speedy provider can get the above in place within two or three days. Index and Sales Statement are filled in by the Vendor/Hip Provider - takes 5 mins. The EPC can be produced on the day of the inspection so as long as the assessor can gain access it could be the day after HIP instruction. The official land registry documents typically come back on the day they were ordered online. Upload all the docs to an online HIP viewing portal - we use www.hipFOLIO.co.uk so no delay by posting the documents to the agent.

Certain parties with an axe to grind are perpetuating the myth that the full HIP must be in place by June - its simply not true.