HIP 'Will Benefit Homebuyers'

HIPs were originally introduced in August 2007, with properties with four bedrooms or more the first to be targeted.

A Home Information Pack 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.

You can compile it yourself or you can hire an estate agent, solicitor or HIP provider to do it for you. Always make sure that your HIP provider is signed up to a code of practice, like the HIP Code.

The HIP is made up of required (compulsory) and authorised (optional) items. There shouldn't be any marketing or advertising material in the pack, so make sure it contains official information only.

Listed below are all the compulsory documents that need to be included:

Freehold properties
•    Home Information Pack Index.
•    The Property Information Questionnaire (PIQ).
•    Energy Performance Certificate (EPC) or Predicted Energy Assessment (PEA).
•    Sustainability information (required for newly built homes).
•    Sale statement.
•    Evidence of title.
•    Standard searches (local authority and drainage and water).

Leasehold properties
•    All the compulsory documents above.
•    A copy of the lease.

If you are buying a property, just ask whoever is advertising it for sale for a copy of the Home Information Pack. This is usually an estate agent, but could be another business or individual.

If you are selling a property the estate agent (or responsible person selling your property) must not market your property unless the HIP is available. In addition, you are responsible for the cost of the HIP.

If you would like to know more about Home Information Packs why not ask AnswerBank Home and Garden.

If you would like to view search results for Property For Sale click here.