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Hip Loophole Closed


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HOLA441
The government has also closed a loophole that would have let homeowners avoid the cost of a HIP by putting their home up for sale just before June 2007. The Association of Home Information Pack Providers says some estate agents and specialist websites were offering to list homes before the June deadline. But all houses must now have an HIP by 31 October next year, even if they were put up for sale before June.
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HOLA442
The government has also closed a loophole that would have let homeowners avoid the cost of a HIP by putting their home up for sale just before June 2007. The Association of Home Information Pack Providers says some estate agents and specialist websites were offering to list homes before the June deadline. But all houses must now have an HIP by 31 October next year, even if they were put up for sale before June.

That's alright then, gives the people who put the house on the market just before June an ample 5 months to sell before they have to fork out for a HIP. And seeing as houses will be flying off the shelves at that time, there should be nothing to worry about!

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HOLA443
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HOLA444

Let's not forget buyer’s market mentality... “wot no Hips!... see ya!”

in tomorrows housing climate, if you want to sell, you better dot every ‘i’ and cross every ‘t’.

Which will remove a lot of properties from the market and, as the market is generally characterised by constricted supply because of our daft planning laws, bloody prices will go UP!

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HOLA445

Which will remove a lot of properties from the market and, as the market is generally characterised by constricted supply because of our daft planning laws, bloody prices will go UP!

I'm not sure... they are hardly going to go any higher than the ones that aren't selling now!!!!!!

Economic climate is everything in tomorrow's market, just look what happened in 1993 who bought then?

3 bedroom (sh!tholes in essex) were going for £35k. No one was buying because they were all looking for jobs.

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