Home Information Packs
What's in a HIP
A Home Information Pack is a collection of information about a property which is provided by the seller or the seller's representative. The pack is intended to improve the home buying and selling process in England & Wales , currently subject to a 30% failure rate.
Under the current system, key information is not available to either buyers or sellers until a sale is agreed. This often results in costly issues arising later than necessary in the sale process. The government intends that by using a HIP, this information will be provided up front, potential buyers will be able to make an informed decision, preventing delays and misunderstandings later in the process.
The pack must contain:
- Terms of sale
- Evidence of title
- A property information form
- A fixtures and fittings form
- Planning consents, agreements and directions and building control certificates
- Warranties and guarantees for new properties and for any work carried out on the property
- Replies to standard searches
- An Energy Efficiency Certificate
HIPs for new build properties will not require a Home Condition Report if the property has an NHBC certificate or similar.
Additionally, leasehold properties will need to provide:
- A copy of the lease
- Recent service charge accounts and receipts
- Current and planned future works
- Buildings insurance policy details and payment receipts
- Regulations made by the landlord or management company
- Memorandum of articles of the landlord or management company
Other documents which may be included:
- A Home Condition Report (HCR)
- A summary or explanation of any pack document
- Information identifying the property including a description, photograph, map, plan or drawing of the property.
Hips for new build properties will not need a Home Condition Report if the property has an NHBC certificate or similar. |