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HIPs extended to all residential sales in England and Wales

Last post Thu, Nov 22 2007, 2:59 PM by Chriserenity. 1 replies.
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  •  Thu, Nov 22 2007, 2:49 PM

    HIPs extended to all residential sales in England and Wales

    In case you haven't heard, all properties sold in England and Wales will
    need a HIP from 14th December. This applies to residential sales only.
    Currently, only properties with 3 or more bedrooms need one.



    Expect the estate agents to put up the signs in their windows urging
    you to 'get in to avoid the cost of a HIP' like they did for four then
    three bedroomed properties.



    All rental properties will still need an EPC from October 1st next year btw.



    If you're compiling your own HIP make sure you read the requirements
    properly - smaller properties are tend to have a higher % of leaseholds
    and extra documentation is required for this type. 

    Any questions you know where I am ;)
     


    Happy to help.
    • Post Points: 5
  •  Thu, Nov 22 2007, 2:59 PM

    Extension of 1st day marketing principle

    Oh, and the date when the following HIP documents need to be available prior to marketing the property has been pushed back from 1st Jan 2008 to 1st June 2008:

    HIP Index
    Sales Statement
    Registry information (unless unregistered)
    Energy Performance Certificate

    So after the new year you still only need to have ordered the HIP to put the property on the market. 

    Happy to help.
    • Post Points: 5