HIPs Packages | Trevleonards Estates
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 will be made to HIPs. This means 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 key information on the property and must be provided by the seller or the seller's agent. It is a legal requirement to have a HIP and you can't market your property without one. The HIP 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 process. The HIP can help reduce delays and extra expense to the buyer and seller.
The pack must Contain
- Index
- Energy Performance Certificate (EPC)
- Sale statement
- Title documents
- Title plan
- Local Authority Search
- Drainage & Water Search
Additionally, leasehold properties will need to provide:
- A copy of the lease
- Name and address of Landlord & Managing Agents
- Service Charge statements over last 36 months
- Financial requests made by Landlord over last 12 months
- Regulations or rules made under the lease
- Proposed amendments to the lease
- Summary of proposed building works
