Home Information Packs
Legal Executive Jane Meldrum of Norrie Waite & Slater Solicitors answers questions on Home Information Packs.
Please note that due to changes introduced by the Government on 21st May 2010 the information contained in this article is now out of date. For the latest information go to our page on Energy Performance Certificates.
What is a Home Information Pack?
The Home Information Pack (also known as a HIP) is a collection of documents that give potential buyers information on the property being sold. The seller is legally required to provide this information.
Providing this information up front is an attempt to avoid any surprises at a later date, which could jeopardise the transaction.
I've been told I can"t put my property up for sale without a HIP, is this correct?
Most properties marketed in England require a HIP. There are some exceptions, for instance, a mixed sale of a shop with a flat. Since the 6th April 2009 a HIP must be made available to prospective buyers from the first day that a property is marketed. Estate agents will not market your property until a HIP has been produced.
What does a HIP contain?
A HIP is made up of compulsory documents, which include an Index, Sale Statement, Energy Performance Certificate, Property Information Questionnaire, evidence of title, local authority, and water and drainage searches. If the property is leasehold, a copy of the Lease is also required. Optional items may also be included such as a Home Condition Report and a Home Contents Form.
What is an Energy Performance Certificate?
An EPC is a report that gives information on how to make your home more energy efficient and reduce carbon dioxide emissions. The EPC provides an energy rating on a scale from A to G, which looks similar to the ratings used on domestic home appliances. All homes are measured using the same scale so buyers can directly compare different properties.Is there any benefit to buying a HIP through my solicitor, rather than someone else?
A HIP is a legal requirement containing documents which will be used by your buyer's solicitor during the sale of your house. Using a reputable firm of solicitors, who are regulated by the law society, will guarantee that your HIP is professionally prepared to the required standard. It also makes sense to use the same solicitor to prepare your HIP as well as handling your conveyancing.
Norrie Waite & Slater solicitors can provide you with a professionally prepared HIP at a competitive cost.
Click here to go back to In The Media.
Follow this link for more advice on Home Information Packs.