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This thread discusses the Content article: HIPS cost us more
Hips Which is being overseen by Communities Secretary Ruth Kelly – was postponed, has already led to panic and confusion in the housing market.....

Hips confusion that would be correct.

So lets try and aleviate some of that confusion

Fact
Hips packs only needed on 4 bedroom and larger properties after August 1st 2007.

Fact
If you market your home as 3 bed plus study you are Hips free.

"Ruth Kelly admitted there is no legal definition of what constitutes a four bedroom house, for instance if a bedroom is being used as a study".


Chris
Hips free<br><br>Post edited by: moveon, at: 2007/06/17 09:17

What has your reply got to do with the article you are supposed to be discussing?

Seems you're just repeating the same bad advice that could cost anyone heeding it many thousands of pounds, Chris.

Who, in their right mind, would want to market their 4, 5, 6, 7 bed (or more) homes as 3-bed?

Still awaiting the answer to that (and several others).<br><br>Post edited by: SocialMike, at: 2007/06/15 18:39

Hi Mike.

Perhaps you should learn to read...

Oh and by the way, Is this your rambling pod cast, and you wonder why no one wants to pay for Hips and the Energy performance certificate.

Delegation to see Ruth Kelly


Chris

Post edited by: moveon, at: 2007/06/16 15:24<br><br>Post edited by: moveon, at: 2007/06/17 09:19

June 14 (Bloomberg) -- &quot;U.K. house prices rose at the slowest pace in a year in May, a sign higher interest rates may be starting to cool Britain's property boom, the Royal Institution of Chartered Surveyors said.&quot;

House prices still rising. I'm not sure how hips have knocked value off properties when rics are saying that property prices are still rising.

moveon wrote:

QUOTE:
Hi Mike

Is this your rambling pod cast, and you wonder why no one wants to pay for Hips and the Energy performance certificate.

Delegation to see Ruth Kelly

Yes sir, it is but again, the reader notes how you avoid all questions when backed into a corner (thanks for the promo though ).

Hi Matty

Propertyfinder.com reports there has been a significant shift in recent months in how near the asking price a buyer was willing to go. In January, with an average property going for £222,859, sellers were achieving 1.6 per cent – or £3,521 above the asking price.


But this figure fell steadily as vendors flooded the market with properties in an effort to beat the HIPs deadline. By April sellers were struggling to achieve 2.3 per cent below the asking price – equivalent to a £5,534 loss. Last month the figure rallied slightly with buyers offering an average of £4,320 below the asking price.

Nicholas Leeming, of Propertyfinder.com, said: “To add insult to injury, a further rate rise is expected and this will add to the financial burden of people struggling to keep a foot on the ladder. HIPs have been nothing but a huge disruption to a fragile market.”

So there you have it proof that HIPs is realy not worth all the hassle.

Chris
Sell your home HIPs free