What's happening with HIPs?
- 17th July 2007
- Selling Property News
From 1st August, HIPs will only apply to some types of properties.
Only homeowners marketing a property with four bedrooms or above will need to arrange a HIP from the 1st August 2007. There are plans to roll HIPs out to all sizes of property by the end of 2007.
If a four bedroom property is placed on the market before the 1st August 2007 deadline it is possible that it will not need a HIP until spring of next year, though the Government has not issued any firm guidelines. But because it is generally accepted that it takes time to compile all the relevant information, it will be possible to market your property straight away as soon as the HIP is commissioned.
Watch this space for further news on HIPs.
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