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Home Information Packs (HIPs)
The Home Information Pack (also known as the HIP) is compulsory for most homes on the market in England and Wales. From 6 April 2009, important changes were made to what a HIP contains. This should mean that better information will be available from the first day a property is put on the market.
Why do you need a HIP..?
A HIP is a set of documents that provides the buyer with relevant and key information on the property, which must be provided by the seller or the seller's agent. It is a legal requirement to have a HIP and you cannot market your property without one. The Home Information Pack lets buyers see important information about the property at the start of the process - free of charge. This means there is less chance of buyers becoming aware of any surprises at the end of the purchasing process. The HIP can help reduce delays and extra expense to the buyer and seller.
What should a HIP contain..?
The HIP is made up of required (compulsory) and authorised (optional) items.
There should be no marketing or advertising material contained within the pack, so make sure it only has the specific official information for the property to which it relates.
Listed below are all the compulsory documents that need to be included.
Compulsory documents (The following documents must be included in your HIP):
Freehold properties
- Home Information Pack Index
- The new Property Information Questionnaire (PIQ), from 6 April 2009
- Energy Performance Certificate (EPC) or Predicted Energy Assessment (PEA)
- Sustainability information (required for newly built homes)
- Sale statement
- Evidence of title
- Standard searches (local authority and drainage and water)
Leasehold properties
- All of the compulsory documents (as above)
- A copy of the lease
Optional documents
Other documents can be included within your HIP, but these are optional. If they are included, it could help to speed up the sale and ensure that the process goes more smoothly. These can include:
- Home Condition Report
- Legal summary
- Home use/contents form
- Other relevant documents like specialist searches (for example, the seller may choose to include a mining search in a mining area)
For Buyers
From 6 April 2009, the Home Information Pack must be available on the first day a property is marketed for sale. If you are buying a property, just ask whoever is advertising it for sale for a copy of the Home Information Pack. This may be an estate agent, but could be another business or private individual.
They must give you a copy of the pack free of charge. However, they may make a reasonable charge to cover the costs of copying and posting the HIP to you.
For Sellers
From 6 April 2009, the person responsible for marketing the property (in the case of AllReddiHome - it would be the property owner or legal entity, or otherwise - the estate agent) will not be allowed to market the property unless the HIP is available. You will need to make arrangements to have a HIP compiled (including paying for it) along with other preparations for selling your home. However, if there's a delay in getting certain documents, like the local searches, these can be added after your property is put on the market.
Who compiles the HIP..?
You can compile it yourself or you can hire an estate agent, solicitor or HIP provider to do it for you. Always make sure that your HIP provider is signed up to a code of practice, like the HIP Code.
Who pays for the HIP..?
The seller is responsible for the cost of a HIP. The cost can vary so make sure you shop around. Some providers may offer HIPs that you can pay for at a later date but you should always check the terms and conditions of your contract.
What should a HIP look like..?
There isn't a standard 'look' for a Home Information Pack. However, it must include all of the compulsory items as outlined above. Certain important documents must be no more than three months old when the property was first publicly marketed for sale.
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| AllReddiHome is not only about local residential property that is offered and advertised For Sale, To Let, For Rent - or to even provide overnight Accommodation in & around the area. We also aim to include any information that may be of interest or use to you - as a resident, visitor or even as a employer within the Worcestershire area. The additional information that we provide includes what we believe to be key & specific information regarding local (Redditch, Bromsgrove, Studley & Alcester) Bus services, Chemists, Council Tax, Dentists, Doctors, Employment agency, Estate Agents, Government agencies, Job centre plus, Restaurants, Schools, Shared Ownership Schemes, Shopping Facilities (Kingfisher Shopping Centre & Sainsbury's, Morrison's & Tesco Supermarkets), Solicitors, Sport & Leisure facilities, Take-away outlets, Train station timetable, Veterinary Surgeons and so much more... |
We do ask that you bear with us while we collate the information required...
Thank You..!! |
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