HIP Home Improvement Rubbish

[Oilchange]

The Guvvinment are bringing into force a fine of £200 on Monday for not providing a HIP when you sell a property.

Well it appears to simply be another stealth tax coming in when the house market is on its knees. Great idea. NOT.

Anyway, if you are selling your property and haven't got it on the market, I would suggest phoning an estate agent and getting it done today if you can.

[Dracoro]

So it's £350 for a HIP or fine of £200 for not providing one.

I'll take the fine and save £150 please.

[pies]

Dracoro said:

So it's £350 for a HIP or fine of £200 for not providing one.

I'll take the fine and save £150 please.

Trouble is the estate agents get fined if the have more than a certain amount of house sales without HIP,and at a certain level they are stopped from trading

So your stuffed

[ianash]

HIP's another great idea brought to us by "fill your boots on exes" Yvette Cooper.

[scotal]

ianash said:

HIP's another great idea brought to us by "fill your boots on exes" Yvette Cooper.

It could have been a brilliant thing......except.

1. The lawyers aid their bits of the hip would not work. The Govt ignored them.
2. The surveyors said their bits of the hip would not work. The Govt ignored them.
3. The lenders said that they were not happy with the hip, particularly if the lawyers and the valuers weren't happy The govt ignored them.
4. The agents said that as a package the Hip would not work. The govt ignored them.

Why?

Well there were a lot of people who had paid to become homeinspectors who were ready to sue. More to the point the govt had signed up to get as much data on housing (from an environmental point of view) as they could, and hips are a grat way of someone else paying for that.

[mrmaggit]

Totally agree with that.

Hips are not "fit for purpose". They are, however, a great Stealth Tax and information gathering exercise, so they are very popular with this bunch of fknuts.

What they should have been, if they were going to be successful, was a means of detailing the specs of houses, tied to valuations and searches, tied to a bond to stop gazumping/gazundering, which was actually what the public most wanted.

What was delivered was all the first (which is what the Gummint most wanted), part of the second (which the estate agents/mortgage lenders/solicitors wanted) and none of the third. Guess what most sellers/buyers wanted as their most important?

Yup, the bit that they didn't get.

Just remember that at election time.

[rah1888]

Dracoro said:

So it's £350 for a HIP or fine of £200 for not providing one.

I'll take the fine and save £150 please.

Sadly the fine is £200 PER DAY!

[Rob.]

Ah, this load of bks. I posted this comment on another similar thread about these and it still boils now for me:

I put my house on the market about 6 weeks ago and I agree that HIP`s are an absolute farce. When I tried to arrange the inspection the suggestion was made that I leave a house key with a neighbour so that they could get access. So, you expect me to let an absolute stranger who I have never met into my house without me there? Like fk. It was arranged for 3pm - they arrived at 4pm - I need`nt have left work early after all.
When it was done, I asked the guy who was carrying out the inspection what he thought: "I dunno mate, it`s all fed into a computer and that determines the energy efficiency". I asked what difference energy saving light bulbs made when he asked if a certain light fitting had one. For the inspection it mattered, the fact the next owner could replace them with non energy saving bulbs therefore making a mockery of the inspection did`nt matter. Unreal.

[selmahoos]

Is a HIP required if a property is sold outwith the open market?

[scotal]

selmahoos said:

Is a HIP required if a property is sold outwith the open market?

I believe its still down to the marketing issue. If your property is sold without any marketing, you can avoid the HIP, however if you market it at all, the HIP has to be in place.


Taekn fromt eh direct gov site

You don’t need a HIP for:

properties where there is no marketing, for example if you are selling to a member of your family
non-residential properties
properties limited by law to use as holiday accommodation or occupation for less than 11 months per year
mixed sales, for example a shop with flat
sales of portfolios of properties, for example selling two properties together
properties not being sold with completely vacant possession, for example with a sitting tenant
unsafe properties and properties due to be demolished
properties sold through the ‘Right to Buy’, ‘Right to Acquire’ and ‘Social HomeBuy’ home ownership schemes