What is a HIP?

Home Information Packs are a mandatory requirement for anyone putting their 3 bedroom or larger property on the market. It is hoped that they will speed up the selling process, instill greater confidence and reduce the number of property transactions that fall through.

So what exactly is in a HIP?

Below is a brief overview of what you should expect to find in a Home Information Pack:

• Energy Performance Certificate
  This document gives information on the energy efficiency level of the property. A licensed Home Inspector will need to visit the property to take various readings.
• Sale Statement
  This item gives a brief detail of the term of the sale.
• Evidence of title
  This consists of a Land Registry document which details the legal ownership of a property.
• Local Searches
  These include the local authority search detailing any statutory provisions affecting the property (e.g. planning permissions or new road schemes) also water and drainage searches.
• Leasehold or Commonhold details.
  These are additional details which are only required if applicable to the property. The government has plans to extend the HIP to include Home Condition Reports, other searches and certain other legal information in the future. However no formal date has been announced as yet.

What will a HIP cost?

Currently Estate Agents and Solicitors are charging £350- £600 per HIP! HIP Your Property HIPs can cost as little as £265. Call now - 0845 460 70 85