Homes 4 Sale
No More HIPs HIPs Hooray!
From Thursday 20th May, the controversial Home Information Pack or HIP was suspended with immediate effect saving homeowners an estimated £350.
Homeowners will still need to provide the traffic light system “Energy Performance Certificate” and to ensure these certificates are available for purchasers Parliament has been asked to agree the following new requirements:
· a new duty on the seller to secure that an energy performance certificate (EPC) has been commissioned before marketing of the property commences where no such certificate is already available
· an EPC has been commissioned when a Domestic Energy Assessor has been instructed to prepare the EPC and the EPC has either been paid for or has given a clear undertaking to pay for it
· a new duty on the person acting on behalf of the seller to be satisfied that an EPC has been commissioned before commencing marketing
· a new duty on both the seller and a person acting on their behalf to make reasonable efforts to secure an EPC within 28 days
· all of the new duties carry fixed penalties where somebody fails in the duty conferred on them by the new regulations
For more information click here