HIPs Update - 17th August 2007

WHY USE SARGINSONS HUGHES & MASSER TO PROVIDE YOUR HIP?

 

1. We are regulated by the Solicitors Regulation Authority and we are insured if things go wrong. Companies claiming to be HIP providers are not regulated in any way.

 

2. Some Estate Agents will no doubt provide a HIP on the basis that payment can be made when the property is sold. If your property does not sell and you wish to instruct another agent you will then have to pay for the HIP. The new agent may insist on similar conditions requiring another HIP. This means that you will have to pay twice. If SH&M prepare the HIP it will always belong to you and you will not be charged if you change Estate Agents

 

In an uncertain market of expected interest rate rises following the introduction of HIPs you will be in a more favourable position if you own the HIP on your property.

 

For more information visit:

 

Home Information Packs.gov.uk

In this section

view a sample HIP Pack (This link will open in a new window)

 

On the 17th August 2007 Communities Minister Baroness Andrews announced that the current scheme introduced on 1st August 2007 for residential properties with four bedrooms or more is to be extended to properties with three bedrooms as from 10th September 2007.

 

Therefore if you are the owner of a residential property with three bedrooms and you intend to sell with vacant possession on or after 10th September 2007 you are required to order a HIP before marketing your property in accordance with the procedures set up in our update of 19th June 2007.

 

 

If you are considering selling your house it is important that you contact a solicitor first. If you have any questions or would like to discuss Home Information Packs further please contact us at : hips@sarginsons-solicitors.co.uk or telephone us on 024 76553181.

 

Order a Home Information Pack online

 

28th August 2008

Sarginsons Hughes & Masser