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House Information Packs (HIP'S)

Home Information Packs (HIPS)

 

Properties marketed for sale from 14 December 2007 in England and Wales will need a Home Information Pack (HIP), which includes a home energy rating.

The Pack includes an Energy Performance Certificate, containing advice on how to cut carbon emissions and fuel bills. Also included are documents such as a sale statement, searches and evidence of title.


Currently, any property that was already on the market on the relevant commencement date (i.e. 1 August 2007 for sales of homes with four or more bedrooms; 10 September 2007 for those with three or more bedrooms and 14 December for all properties) does not need to have a HIP.


At this stage no such date has been set when all properties that are on the market will be required to have a HIP.
 
What goes in a HIP?
A HIP includes documents that are required when homes are bought and sold. Some documents are mandatory and others optional.


The mandatory documents are:

  • An index (ie a list of the contents of the HIP)
  • A sale statement (summarising the terms of sale)
  • Evidence of title
  • Standard searches (ie local authority enquiries and a drainage and water search)
  • An Energy Performance Certificate (EPC)
  • Commonhold information (where appropriate)
  • A copy of the lease (where appropriate)
Documents that are optional include:

  • A Home Condition Report (HCR)
  • Additional leasehold, information
  • Guarantees and warranties
  • Other searches relevant to the particular area

Note: Scotland's executive will also be introducing a mandatory information pack for property sales North of the Border, but the details will vary slightly from the England and Wales version and will be known as the Single Survey Scheme or Purchasers Information Pack (PIP).


Getting a pack - as a seller, there are a number of options:

*Use an estate agent

*Get a solicitor to do it

*Use a specialist Pack provider

*Compile it yourself. For more information go to www.homeinformationpacks.gov.uk
*Enlist the help of other businesses, such as financial advisers

*Some supermarkets have also indicated that they might provide Packs.

 

Information from the Governments Home Information Packs website for more details go to: www.homeinformationpacks.gov.uk



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