Home Information Packs
All residential properties marketed from 14th December 2007 require a Home Information Pack (HIP) by law.
The introduction of HIPs is part of a wider programme of reforms to home buying and selling which aims to provide consumers with a clearer, more transparent and effective service, with better value for money, benefiting all potential homebuyers .HIPs have met with a cool response from the property industry in general but if done correctly and fully they will improve the selling position, very important when there is a slow housing market.
HIPs are designed to provide buyers with important information early on, giving them a transparent picture of any issues they need to be aware of before making an offer. Subsequently, a sale can progress more smoothly and with less time wasted.
A Critchley Hall Solicitors HIP includes as mandatory:
- Terms of Sale The details of the seller, the property and the price.
- Title Copies of documents giving evidence of ownership of the property and the rights and obligations which affect the property.
- Search certificates Search replies made with local authorities establishing information that might adversely affect the purchase or ownership of the property.
- Energy Performance Report Providing a rating for how energy efficient the property is and suggestions on how to improve the rating.
How to proceed
Simply complete and submit the HIP Order Form or for more information call 01969 625 526.