There are many arguments regarding the pros and cons of a Home Information Pack (HIP). Quite simply you now have to have one before you can market your house, this article will tell you what is needed and hopefully give you an edge when you decide to put your house on the market.
The following documents must be included in your HIP:
For freehold properties:
1. Home Information Pack Index – this is a fairly straightforward part of the HIP which simply lists what is in it
2. Property Information Questionnaire (PIQ) – this is a short form designed to be completed by the seller and easy for the buyer to read. It gives basic information about the property which may be of interest to a buyer
3. Energy Performance Certificate (EPC) or Predicted Energy Assessment (PEA) – this gives information about how energy efficient the property is and makes suggestions for improvements the EPC is for second hand property and the PEA is for newly built (or yet to be built) property
4. Sustainability information (required for newly built homes) – this gives information required by law in respect of a new property based on its environmental impact
5. Sale statement – provides basic information about the property
6. Evidence of title – for this evidence of your ownership needs to be provided either in the form of copies of the register and plan held by the Land Registry or copies of your title deeds
7. Standard searches (local authority and drainage and water) – these two search results need to be included. Read next weeks issue to find out more about these
For Leasehold properties:
1. All the compulsory documents above and
2. A copy of the lease – this is a technical legal document usually of substantial length relating to a leasehold seller’s property. It is usually granted for a term of years of at least 99 years but a second hand property may have less than that if the lease was entered into some years ago
Heptonstalls provide reliable HIP’s at a reasonable price, they are a firm of Solicitors, so are regulated and insured. Not all HIP providers are, and the saying “you get what you pay for” applies just as much here as anywhere else.
If you have any queries, or would like a no obligation discussion regarding HIPs, contact Mike Fish on 01405 765661 or email: mike.fish@heptonstalls.co.uk