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unfinished HIP
Addy1
Posts: 209 Forumite
The house we are going on a second veiwing of has a HIP, but when I rang EA to look at it, they said it wasn't finished and so I couldn't see it.
If I put in an offer on it, do they still have to get the HIP finished, and is there any benefit of waiting for it to be finished?
If houses can be marketed and offered on without one, then what is the point of a HIP!?
If I put in an offer on it, do they still have to get the HIP finished, and is there any benefit of waiting for it to be finished?
If houses can be marketed and offered on without one, then what is the point of a HIP!?
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Comments
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Probably not, because there won't be anything in it you'd be bothered about and your solicitor will ask all the questions and read all the docs anyway.The house we are going on a second veiwing of has a HIP, but when I rang EA to look at it, they said it wasn't finished and so I couldn't see it.
If I put in an offer on it, do they still have to get the HIP finished, and is there any benefit of waiting for it to be finished?
There's no point to HIPs. But I'm sure a tiger charm salesperson will be along shortly to tell us otherwise.If houses can be marketed and offered on without one, then what is the point of a HIP!?A house isn't a home without a cat.
Those are my principles. If you don't like them, I have others.
I have writer's block - I can't begin to tell you about it.
You told me again you preferred handsome men but for me you would make an exception.
It's a recession when your neighbour loses his job; it's a depression when you lose yours.0 -
The property has an extension (it has been there more than 15 years at least) and my mum says we should check it had planning permission etc. Would this be in the HIP? And would anything about how well constructed the extension is be in there? I know a survey would sort this but we don't want to lay out money if the property is rubbish!
Also would it matter after 15+ years if the extension did not have planning permission?0 -
I thought it would be, but I was reliably informed on here that it doesn't need to be in the HIP.The property has an extension (it has been there more than 15 years at least) and my mum says we should check it had planning permission etc. Would this be in the HIP?
No. You are assuming people who put together HIPs have a knowledge of construction - :rotfl:.And would anything about how well constructed the extension is be in there?
Not by now, unless it is a listed building and even then 15+ years without enforcement action and I would think you were safe.Also would it matter after 15+ years if the extension did not have planning permission?A house isn't a home without a cat.
Those are my principles. If you don't like them, I have others.
I have writer's block - I can't begin to tell you about it.
You told me again you preferred handsome men but for me you would make an exception.
It's a recession when your neighbour loses his job; it's a depression when you lose yours.0 -
kin hips!
We have looked at about 20 houses and never once asked to see this worthless money wasteing bit of paper.
Even the one we buying the hip is on rightmoves listing and Ive still never
clicked it to look at it
Like everything Labour do the idea is great but the end product is completly worthless and wasted billions on its journey
A hip is tewlling people what they can see for themselves in about 13 seconds has it got loft insulation has it got double glazing0 -
The house we are going on a second veiwing of has a HIP, but when I rang EA to look at it, they said it wasn't finished and so I couldn't see it.
If I put in an offer on it, do they still have to get the HIP finished, and is there any benefit of waiting for it to be finished?
If houses can be marketed and offered on without one, then what is the point of a HIP!?
You can put an offer in without the HIP being finished. The HIP is for the benefit of the buyers solicitor, not you the buyer (apart from the Energy Survey) despite what the government says :rotfl:It makes the sols job easier and may speed up the transaction depending on whether the vendor chose a quality HIP provider or not.Happy to help with HIPs and EPCs0 -
The property has an extension (it has been there more than 15 years at least) and my mum says we should check it had planning permission etc. Would this be in the HIP? And would anything about how well constructed the extension is be in there? I know a survey would sort this but we don't want to lay out money if the property is rubbish!
Also would it matter after 15+ years if the extension did not have planning permission?
Regarding the extension unfortunately for buyers the Home Condition Report was dropped from the HIP when RICS stepped in to protect their members interests.
Yes the building regulations applications should be in the Local Authority search assuming the building regs information was made available by the council. Sometimes it isn't.Happy to help with HIPs and EPCs0 -
I would still like to know if the buyers solicitors in general are taking any notice of what's in the HIP.
I suspect that the money lenders would insist on "fresh" independant searches and surveys being done.
I know if I was buying for cash that is certainly the instruction I would be giving my solicitor. I wouldn't trust the information provided by the buyer!In the beginning, the Universe was created. This made a lot of people angry, and has been widely regarded as a bad idea. DNA.0 -
FIFYchriserenity wrote: »Regarding the extension unfortunately for buyers the Home Condition Report was dropped from the HIP when [strike]RICS stepped in to protect their members interests.[/strike] it was realised that HIP inspectors wouldn't know enough about construction, would be virtually uninsurable and lenders wouldn't take their's or the vendor's word for the valuation.
A house isn't a home without a cat.
Those are my principles. If you don't like them, I have others.
I have writer's block - I can't begin to tell you about it.
You told me again you preferred handsome men but for me you would make an exception.
It's a recession when your neighbour loses his job; it's a depression when you lose yours.0 -
elastic_trickery wrote: »I would still like to know if the buyers solicitors in general are taking any notice of what's in the HIP.
I suspect that the money lenders would insist on "fresh" independant searches and surveys being done.
I know if I was buying for cash that is certainly the instruction I would be giving my solicitor. I wouldn't trust the information provided by the buyer!
Well, I can't speak for the legal profession but I can tell you that the HIPs I've produced have all been accepted and used by the buyers chosen solicitor. Similarly, the feedback we receive is the lender is happy to accept the search on face value because:
1. Its exactly the same search that would be done on a property if no HIP were present.
2. The lender is indemnified against any loss resulting from potential information coming to light in the period between when the search was done and when the search is actually used.
Do you mean information provided by the seller? If so the information isn't provided by the seller! Look, I'll give you an example. I until recently worked with a search agent who's been doing searches for about four years. Instead of 95% of his business coming from the buyers solicitor, it now nearly all comes from HIP providers. The vendor has no opportunity to 'doctor' the contents. Similarly with the EPC neither the buyer nor the seller can produce this - its independently produced by an energy assessor. Energy Assessors belong to a regulated industry requiring licenses, exams, quality checking etc etc - much more regulated than the estate agency industry I might add.
In any case, good HIP providers make their HIPs available online with no opportunity for the seller to tamper with the documents - goes online and is downloaded by the buyers solicitor for use.Happy to help with HIPs and EPCs0 -
Does it reduce legal fees for the buyer?0
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