HIP shelf life
Discussion
Can't find anything using the search function or by looking over the first half dozen pages, so...does a HIP have a shelf-life, not by guidelines but by law?
There is a relevant entry on a page from the direct.gov.uk HIP website that says this:
While the property is on the market, there is no need to update the HIP. If the sale of your property stops and then starts again, you may have to compile a new HIP and provide up-to-date documents.
It then outlines where the "may have to" could apply, or not. Other websites say categorically that nothing in a HIP has an expiry date though some contents are more time sensitive e.g. searches. Other sites compare a HIP to an MoT i.e. OK on the day but anything can happen in even the next 24 hours. One mentions a 3 year shelf life for the Energy Performance Certificate but it's not a government site.
So is a HIP legally required to be renewed after a set length of time or is it only a recommendation or guideline i.e. not compulsory in law?
There is a relevant entry on a page from the direct.gov.uk HIP website that says this:
While the property is on the market, there is no need to update the HIP. If the sale of your property stops and then starts again, you may have to compile a new HIP and provide up-to-date documents.
It then outlines where the "may have to" could apply, or not. Other websites say categorically that nothing in a HIP has an expiry date though some contents are more time sensitive e.g. searches. Other sites compare a HIP to an MoT i.e. OK on the day but anything can happen in even the next 24 hours. One mentions a 3 year shelf life for the Energy Performance Certificate but it's not a government site.
So is a HIP legally required to be renewed after a set length of time or is it only a recommendation or guideline i.e. not compulsory in law?
bga said:
It demonstrates what nonsense it is. The info I got through Myhiphome was 10 years for EPC and 6 months for searches, though no references to back it up with.
I know - total waste of time, effort and money aren't they!?It gets even more daft, the EPC is valid for quite a while (thought it was more like 3 yrs than 10, but could be wrong) BUT, if i bought your home from you then decided to sell it a week later I'd have to get a new EPC done.
rah1888 said:
BUT, if i bought your home from you then decided to sell it a week later I'd have to get a new EPC done.
I have a feeling whoever told you that is talking out their arse. if you had made alterations to the property which would result in a significant improvement or deterioration in the result, or extended the property then this is correct, but if all you were to do was give it a lick of paint, the existing EPC is fine.
Rude-boy said:
rah1888 said:
BUT, if i bought your home from you then decided to sell it a week later I'd have to get a new EPC done.
I have a feeling whoever told you that is talking out their arse. if you had made alterations to the property which would result in a significant improvement or deterioration in the result, or extended the property then this is correct, but if all you were to do was give it a lick of paint, the existing EPC is fine.
Did find this though:
Q. How long is a HIP valid for?
A. Provided the documents and information in a HIP are valid at the point it is first marketed, they will remain valid, for the purposes of the HIP, until the property is sold or taken off the market. A HIP will remain valid as long as the property remains marketed, and there is no obligation to refresh or update pack documents.
http://www.owners-hip.com/faq.asp?SessionID=
rah1888 said:
Rude-boy said:
rah1888 said:
BUT, if i bought your home from you then decided to sell it a week later I'd have to get a new EPC done.
I have a feeling whoever told you that is talking out their arse. if you had made alterations to the property which would result in a significant improvement or deterioration in the result, or extended the property then this is correct, but if all you were to do was give it a lick of paint, the existing EPC is fine.
Did find this though:
Q. How long is a HIP valid for?
A. Provided the documents and information in a HIP are valid at the point it is first marketed, they will remain valid, for the purposes of the HIP, until the property is sold or taken off the market. A HIP will remain valid as long as the property remains marketed, and there is no obligation to refresh or update pack documents.
http://www.owners-hip.com/faq.asp?SessionID=
Utterly worthless piece of s
t.HIPS are a waste of time and my client's money.
Only 2 deals in the last year have been assisted by having a HIP ready and in both cases these were properties at the low end of the scale being bought by experienced and very wealthy (even if slightly less wealthy than they were on paper a few years ago!) clients who on occasion have actually instructed me to proceed without a Local or Water Searches. In both cases there was obviously no lender client to satisfy either.
Only 2 deals in the last year have been assisted by having a HIP ready and in both cases these were properties at the low end of the scale being bought by experienced and very wealthy (even if slightly less wealthy than they were on paper a few years ago!) clients who on occasion have actually instructed me to proceed without a Local or Water Searches. In both cases there was obviously no lender client to satisfy either.
Thanks for the replies. I agree that the HIP is a most useless affair, we survived without it and could do so again.
For anybody about to be on the move, a bit of hunting around locally might unearth a consultancy that does HIPs that will also do updates if an 'expired' HIP exists. The price around here for such a service is about £120 + VAT and given searches need only be 'underway' a turnaround time of 24 to 48 hours has been quoted to get a property to marketability - if the seller gets their act together and completes e.g. PIQ online etc asap.
Filed for reference!
For anybody about to be on the move, a bit of hunting around locally might unearth a consultancy that does HIPs that will also do updates if an 'expired' HIP exists. The price around here for such a service is about £120 + VAT and given searches need only be 'underway' a turnaround time of 24 to 48 hours has been quoted to get a property to marketability - if the seller gets their act together and completes e.g. PIQ online etc asap.
Filed for reference!
turbobloke said:
... given searches need only be 'underway' a turnaround time of 24 to 48 hours has been quoted to get a property to marketability
I think i need to check something but i'm not too sure about that you know. Sounds like first day marketing and the exemption for that has gone now...FWIW we don't get involved with 'normal' HIPs (only doing ones for developments where the client has asked us to) and the company we use is £240+VAT all in.
turbobloke said:
Thanks for the replies. I agree that the HIP is a most useless affair, we survived without it and could do so again.
For anybody about to be on the move, a bit of hunting around locally might unearth a consultancy that does HIPs that will also do updates if an 'expired' HIP exists. The price around here for such a service is about £120 + VAT and given searches need only be 'underway' a turnaround time of 24 to 48 hours has been quoted to get a property to marketability - if the seller gets their act together and completes e.g. PIQ online etc asap.
Filed for reference!
Hopefully the tories stick to their promise of scrapping the whole damn lot when they get in!For anybody about to be on the move, a bit of hunting around locally might unearth a consultancy that does HIPs that will also do updates if an 'expired' HIP exists. The price around here for such a service is about £120 + VAT and given searches need only be 'underway' a turnaround time of 24 to 48 hours has been quoted to get a property to marketability - if the seller gets their act together and completes e.g. PIQ online etc asap.
Filed for reference!
rah1888 said:
turbobloke said:
Thanks for the replies. I agree that the HIP is a most useless affair, we survived without it and could do so again.
For anybody about to be on the move, a bit of hunting around locally might unearth a consultancy that does HIPs that will also do updates if an 'expired' HIP exists. The price around here for such a service is about £120 + VAT and given searches need only be 'underway' a turnaround time of 24 to 48 hours has been quoted to get a property to marketability - if the seller gets their act together and completes e.g. PIQ online etc asap.
Filed for reference!
Hopefully the tories stick to their promise of scrapping the whole damn lot when they get in!For anybody about to be on the move, a bit of hunting around locally might unearth a consultancy that does HIPs that will also do updates if an 'expired' HIP exists. The price around here for such a service is about £120 + VAT and given searches need only be 'underway' a turnaround time of 24 to 48 hours has been quoted to get a property to marketability - if the seller gets their act together and completes e.g. PIQ online etc asap.
Filed for reference!
We can hope.
Rude-boy said:
turbobloke said:
... given searches need only be 'underway' a turnaround time of 24 to 48 hours has been quoted to get a property to marketability
I think i need to check something but i'm not too sure about that you know. Sounds like first day marketing and the exemption for that has gone now...FWIW we don't get involved with 'normal' HIPs (only doing ones for developments where the client has asked us to) and the company we use is £240+VAT all in.
turbobloke said:
rah1888 said:
turbobloke said:
Thanks for the replies. I agree that the HIP is a most useless affair, we survived without it and could do so again.
For anybody about to be on the move, a bit of hunting around locally might unearth a consultancy that does HIPs that will also do updates if an 'expired' HIP exists. The price around here for such a service is about £120 + VAT and given searches need only be 'underway' a turnaround time of 24 to 48 hours has been quoted to get a property to marketability - if the seller gets their act together and completes e.g. PIQ online etc asap.
Filed for reference!
Hopefully the tories stick to their promise of scrapping the whole damn lot when they get in!For anybody about to be on the move, a bit of hunting around locally might unearth a consultancy that does HIPs that will also do updates if an 'expired' HIP exists. The price around here for such a service is about £120 + VAT and given searches need only be 'underway' a turnaround time of 24 to 48 hours has been quoted to get a property to marketability - if the seller gets their act together and completes e.g. PIQ online etc asap.
Filed for reference!
We can hope.
They'd get my vote just for that move.
It's just yet another expense to add on to moving.
If you're that bothered about the information when you purchase your property then you'd look all this info up. Asking a seller to provide it to parties that "may" be interested in buying is daft.
It's just yet another expense to add on to moving.
If you're that bothered about the information when you purchase your property then you'd look all this info up. Asking a seller to provide it to parties that "may" be interested in buying is daft.
ridds said:
They'd get my vote just for that move.
It's just yet another expense to add on to moving.
If you're that bothered about the information when you purchase your property then you'd look all this info up. Asking a seller to provide it to parties that "may" be interested in buying is daft.
It's just yet another expense to add on to moving.
If you're that bothered about the information when you purchase your property then you'd look all this info up. Asking a seller to provide it to parties that "may" be interested in buying is daft.
If I'm taking advice on the biggest purchase I make I want the provider to be liable to me, not the seller.Gassing Station | Homes, Gardens and DIY | Top of Page | What's New | My Stuff