About the HIP
A Home Information Pack (HIP) is a set of documents providing important information about a property, its energy efficiency, boundary ownership and planning permissions. Although it used to be on a voluntary basis, it is now compulsory for residential properties from 1 August 2007 in England and Wales.
Home Information Packs are being introduced to improve home buying and selling for the consumer and as part of wider action to cut carbon emissions from homes. This means that every person selling a home after 1 August must have commissioned a Home Information Pack before putting their property on the market.
A Home Information Pack will contain:
- An index (i.e. a list of the contents of the pack)
- An Energy Performance Certificate (EPC)
- A sale statemtent (summarising the terms of sale)
- Evidence of title
- Standard searches (e.g. local authority enquiries and a drainage and water search)
- Where appropriate, commonhold information
- Where appropriate, leasehold information
How will a HIP help the current buying and selling process?
Home Information Packs aim to reduce the stress of buying and selling a home by providing key documents at the time a property is put on the market. In the past this information was not normally made available until after an offer had been negotiated, often causing sales to be renegotiated or collapse altogether.
Who will arrange your Home Information Pack?
A number of organisations including estate agents, solicitors, lenders, conveyancers and specialist Pack providers are offering Home Information Packs to buyers and sellers.
Property EA are pleased to offer a very competitive Home Information Pack service delivered by one of our business partners all of whom provide excellent service and value for money.
Please Contact Us for further information.
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