Happy HIP Time

30th June 2009

Our in-house HIP provision service has proved particularly popular since the change in the Regulations, meaning a home cannot be offered for sale until a HIP is finished. On average, Mundys’ HIPs have been completed in around 3/4 days, with some available in as little as one day.

This contrasts with packs from other sources which can take as long as 3 weeks. The Regulations do strictly state an Agent cannot offer a property to buyers until the pack is complete*, meaning delays can lead to a loss of a ready buyer.

*The Standard Searches (Local Authority and Water) and a copy of the Lease (if the property is Leasehold) can be added up to 28 days after the property is first placed on the market. All other documents such as the Index, Property Information Questionnaire, EPC, Sales Statement and evidence of Title must be in place before the property can be legally marketed in any way.