What is a Home Information Pack?
No-one should be expected to make the biggest purchase
decision of their life without having accurate and comprehensive
information from the outset.
A home information pack (HIP) provides key selling
information about a house, up front and in a standard format, enabling
buyers to make an informed decision before they put in an offer.
The information buyers really need is currently available
only after an offer has been accepted, which can cause sales to
be renegotiated or collapse entirely, for example if a survey comes
back showing additional work may be required to the property.
From 1 August 2007 anyone selling a 4-bedroom (or
bigger) house in England or Wales will have to provide a HIP before
they can put their house on the market. Current government guidelines
indicate that it will contain:
· Sales statement
· Index
· Energy Performance Certificate (EPC)
· Evidence of title
· Legal searches
· Warranties and guarantees
· Planning consents
You'll be able to include relevant additional information,
for example the Home Use and Home Contents forms.
For leasehold properties you will additionally need:
· Copy of the lease
· Recent service charge accounts and receipts
· Buildings insurance policy details
· Landlord/management company regulations
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