HOME INFORMATION PACK (HIP) NEEDED FOR NEW BUILDS,
EVEN AT PLANNING STAGE

Private property speculators, estate agents and developers all run the risk of a £200 fine if they don’t produce a HIP on a new-build property, even at planning stage, says property solicitors Carrie Simson and David Hollingworth.

Until early April, HIPs weren’t needed for new properties but that has all changed and now a HIP is required before any form of marketing can take place on an existing or planned development. Otherwise, parties involved could face a fine of £200 per plot.

It’s important to understand the scope of the word ‘marketing’ under the new legislation. Most of us understand it as covering elements such as press or radio advertising, press releases and pictures in an estate agent’s window.

More surprising is that it also includes any communication, whether it’s electronic, verbal or written to any potential investors, such as previous customers or buy-to-let property clubs. It also covers announcing a planned development on the internet and the hoardings on the development site itself.

Property developers or professionals seeking legal advice on any aspect of property and HIPs are welcome to contact Carrie or David on 01522 512123 (Lincoln) or 01636 673743 (Newark) respectively.

Andrew & Co LLP does, where possible, open a HIP on the same day as instructed. We have excellent relationships with both search providers and energy assessors so turn-around is quicker than most. HIPs usually cost £295, although this can vary depending on the property.

Principal Contact David Hollingworth
Direct Dial: 01636 673743
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