Jump to content
House Price Crash Forum

Incomplete Hip - Legal Position?

Recommended Posts

We had decided to buy a repossessed to beat property prices. It's not gone well since we’ve lost out of £1000’s in mortgage and survey fees due to an incomplete HIP.

I was wondering if anyone knows anything about the legal position? The seller (the bank) agreed our offer and stipulated that we much exchange in 21 days. We quickly instructed a solicitor, completed surveys and agreed a mortgage – and were ready to exchange within that time. The one exception being that the seller’s HIP didn’t include the local searches (a legal requirement).

We’ve chased these as best as we can, but couldn't exchange without them. If it were not for the incomplete HIP we would have exchanged already. Now the seller has agreed a higher price with someone else. :angry:

We have lost £1000’s now due to the seller never providing us with a complete HIP. Do we have a case to try and retrieve our lost solicitors, mortgage, surveyor’s fees?

Very frustrated.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Recently Browsing   0 members

    • No registered users viewing this page.

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.