Home Information Packs or HIPs
A Home Information Pack or HIP is a collection of information which must be assembled prior to marketing a residential property for sale. The vast majority of this information was already required in the process of buying a property except this has now been moved to the beginning of the process to provide improved transparency to the process.
They have been introduced to speed up and improve the process of buying and selling residential property in England and Wales. The pack contains the following documents and can be divided into compulsory and optional documents:
In a market on the edge of becoming over saturated with poor service and low standards we have strived to stay ahead of the curve; simply by producing the highest quality, most reliable and affordable HIP’s. We have continued to learn and develop as the legislation has been implemented, making us the first point of contact for anyone seeking a reliable HIP provider producing fully compliant home information packs that meet the legislative requirements.
Compulsory Documents:
Energy Performance Certificate (EPC) – This is a document that shows the energy efficiency and environmental impact of the property.
Property Information Questionnaire (PIQ) – This is a document that the seller completes providing any potential buyers with a little information about the property such as council tax banding etc.
Sale Statement – This is a summary of the terms of sale for the property.
Searches – Including Local Authority Search, drainage search and water search
Evidence of title – Details of the title and information held about the property at the land registry
Leasehold and Commonhold documents – if applicable
New Homes Warranty (if applicable) – This applies to properties bought off plan
Home Information Pack Inde – A list of documents contained within the HIP
Optional Documents
Home Condition Reports (HCR) – This is a survey that can be compared to the current scheme 2 survey
Work Carried Out – Receipts, certificates etc. Documents that relate to relevant works done on the property
Legal Summary
Home Use and Contents Form
As you may be aware there have been recent changes to HIPs and it is now a legal requirement that you have the HIP in place before marketing the property. In today’s competitive market we recognise that speed of service is just as important as the accuracy of the documents provided. When ordering a Horizon HIP you can be sure that it will be fully compliant and delivered quickly with the minimum of fuss.
Each HIP is can be tracked online and as long as we can access the property to do the survey for the EPC and the property information questionnaire is completed Horizon can put together a marketable lite HIP in just three days.
