on August 1st will we enbrace this new legislation or not? (UK only)
2007-07-15 23:37:19 · 4 answers · asked by big D 2 in Business & Finance ➔ Renting & Real Estate
no i wont
2007-07-15 23:40:00 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The actual message that HIPs were built on - "to improve the buying and selling process" - has been swallowed up by the green machine.
I can see the merits of HIPs, in that disclosing title and search info up front will cut out on unnecessary timewasting. However, my concern is that at some point searches will be out of date if the property does not sell within three months (although some companies are insuring searches for up to 6 months, would you trust them?)
EPC's may be useful but would they put you off buying a home? I wouldn't be. If incentives are introduced (or penalties) based on the efficiency of a home then it may be a positive.
Ultimately at some point in the future HIPs will be joined by compulsory HCR's which will include a valuation. This is already in the early stages of trials and it will all aim to bring the total property 'profile' into one formatted document. Don't hold your breath though it could be 2/3 yrs before we get a sniff of that.
Homeowners will not embrace HIPs in August (actually less than 20% of the market will apply 4+beds). More the case that once HIPs are in the system buyers will expect to see one. There's food for thought for all you who will try and wangle out of getting one!
2007-07-16 11:50:48 · answer #2 · answered by David 3 · 0⤊ 0⤋
If anyone can tell me the possible benefits of this system, then I will stop badmouthing these government farces which masquerade as being "green" whilst actually being another stealth tax.
2007-07-16 06:42:53 · answer #3 · answered by Anonymous · 1⤊ 0⤋
I think only on properties worth over 1/4 mill, and no, its a lousy idea!
2007-07-16 06:40:04 · answer #4 · answered by Sal*UK 7 · 0⤊ 0⤋