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Incomplete Hip - Legal Position?


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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.

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