HIPs
ABOUT HOME INFORMATION PACKS (HIP’s)
HIP’s became a compulsory part of the house selling process in England and Wales for all properties regardless of the number of bedrooms on 14 December 2007.
The HIP comprises of a set of documents providing important information about the property such as its energy efficiency rating, legal title, planning permissions, lease etc
At present and until the 31st Dec 08 it is possible to start marketing your property as soon as the documents required for the pack have been ordered. After this date it will be necessary for the HIP to be completed before your property can be advertised for sale.
The Little HIP Company can provide you with a HIP at a set fee of between £250 and £275 inclusive, for futher information visit our pricing page.
The HIP will include the documents as listed below which meet the minimum statutory requirements for the marketing/ sale of your property:
- An Index (i.e. the HIP list of content)
- A Sale Statement (summary of the terms of sale)
- Evidence of Title & Plan (Land Registry details)
- Standard Searches (i.e. local authority enquiries & a drainage/ water search)
- An Energy Performance Certificate (EPC)
- Leasehold documentation
In addition to the above you can choose to include other documents over and above the minimum requirements. Below is a list of additional documents that can be included within your HIP most of which incur additional costs:
- Home Condition Report
- Additional Leasehold information
- Guarantees and warrantees
- Other searches relevant to the particular area.
Commissioning your own Home Information Pack (HIP) not only saves you money it gives you the flexibility to change estate agents as required or market the property yourself.
Click here to see a sample HIP (2.62MB)
For more detailed information on HIPs contact www.homeinformationpacks.gov.uk