HIP no more
The new government has kept one of its manifesto promises by suspending the HIPs legislation today with immediate effect.
EPC’s remain though under EU law but they are changing too:
The EPC has to be commissioned before the start of marketing
Commissioning means the Inspector has been asked to prepare the EPC and it has either been paid for or payment has been promised
The person acting for the seller on the sale must be satisfied commissioning has taken place
The seller and seller’s agent must make reasonable efforts to get the EPC within 28 days
Penalties will be imposed for breaching these relaxed requirements
The EPC will have a life of 10 years, not 3 years as at present or 3 months as originally envisaged. This brings it in line with EPC’s for rented property.
Let marketing begin