Map of London

London Houses For Sale

Thursday, 1 April 2010

Home Information Packs Questions Answered

How long is a HIP?

The HIP is valid while the property is on the market continuously as there is no legal requirement to obtain a new hip or update any of the content, except to replace any predicted Energy Assessment with an actual EPC when this becomes available (new builds)

A property can be taken off the market for any reason and the HIP is not required to be updated if it is put back on the market within 1 year. Where the property is taken off the market because the seller has accepted an offer then, regardless of the length of time the property is off the market, the HIP does not have to be updated when the property is put back on the market so long as it is put back on the market within 28 days of that offer being withdrawn or its acceptance withdrawn by the seller.

Home Information Packs - HIPs

No comments:

Post a Comment