New Build HIPs for Property Developers

HIPs come into force for all new build and off-plan developments

From April 6th, all new homes built will fall under the HIP legislation. This includes HIPs built to 2006 Building Regulations which had previously been exempt.

All new build properties built to 2002 or 2006 Building Regulations are now required to have a HIP before any form of marketing can begin.

The legal penalties for not having a new build HIP are £200 per day per property.

A new build HIP must have been ordered and paid for prior to marketing commencing. The HIP pack does not have to have been completed for marketing to begin. This exemption is due to be removed when 'first-day marketing' comes into effect on 1st June 2008.

New build HIPs can be arranged through abc-hips.co.uk