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HIPS and house sale question.

Old Feb 14, 2010 | 01:37 PM
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Question HIPS and house sale question.

Following the death of her husband last year my mother-in-law wants to sell her too large bungalow and move into something smaller. Someone she knows has already said to her that if she ever wanted to sell to let them know. She has done this and the other people have said that they will buy the bungalow subject to survey and acceptable price.
Assuming that the survey is OK and the price is OK then does mother-in-law still need to have a HIPS or not ? Obviously sale will be done properly through the solicitor but no estate agents involved.
I can't find a definitive answer to the question.

Thanks

JBL
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Old Feb 14, 2010 | 01:46 PM
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I know this is of no help to you right now but if the tories get in they said they will be scrapping the HIPS scheme, i was under the impression that all houses sold now have to have the HIPS pack.
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Old Feb 14, 2010 | 05:09 PM
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Providing the house has not been offered for sale, as in not advertised and then taken off the market all they need is a Energy Perfomance Certificate at a cost off around £50+vat and your solicitor should sort it for you.
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Old Feb 14, 2010 | 05:10 PM
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From HIPs: a seller's guide


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
If the offer to buy was first (before the house came up for sale), then i would say that there was no marketing!

mb
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Old Feb 14, 2010 | 05:35 PM
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Is there a mortgage required for the purchase? This may have a bearing as it will contain some searches that will be required by the lender.

You can have them done online for around £200, which will include the EPC anyway.
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Old Feb 14, 2010 | 05:44 PM
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Most lenders are insisting on independent searches, so the ones in the HIP are generally viewed as a waste of money.
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Old Feb 14, 2010 | 05:46 PM
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Originally Posted by scud8
Most lenders are insisting on independent searches, so the ones in the HIP are generally viewed as a waste of money.

Not the case for the last three properties I have bought.
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Old Feb 14, 2010 | 07:39 PM
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Thank you all for the comments, "think" it is a little clearer now. I have no idea about the buyers finances and it is a private sale, no marketing. Will see what happens after survey and offer.

Cheers

JBL
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