|What is a HIP?|
As from April 2009 a Basic HIP must be in place before a property can be marketed. This basic HIP is in fact the ordering of the full HIP but doesnt depend on the Water & Drainage and Local Authority Searches having been received before marketing.
The HIP brings together key information needed by buyers and sellers at the very start of the home-buying process, and must contain at least the following documents;
The Index lists the documents contained in the Pack and provides a checklist for sellers, buyers, estate agents and solicitors. Where a document that must be included in the Pack is unavailable, the Index must say so, give the reason it is missing, and indicate what steps are being taken to obtain it. Where documents are added to or removed from the Pack at a later stage, the Index should be revised accordingly.
The Energy Performance Certificate tells you how energy efficient a home is on a scale of A-G. The most efficient homes - which should have the lowest fuel bills - are in band A. The Certificate also tells you, on a scale of A-G, about the impact the home has on the environment. Better-rated homes should have less impact through carbon dioxide (CO2) emissions. The average property in the UK is in bands D-E for both ratings. The Certificate includes recommendations on ways to improve the home's energy efficiency to save you money and help the environment.
The Sale Statement provides some basic information about the property, including:
The PIQ provides buyers with basic, useful information about the property that will help to inform their decision to view or make an offer on the property.
These documents prove that the seller owns the property and therefore has the right to sell it.
Where the property being sold is registered, the Land Registry title documents must be included in the Pack. These provide an up-to-date official record of who owns the land, and consist of:
In the case of the sale of a commonhold interest, official copies of the register and title plan should be produced for both the unit and common parts.
For sales of unregistered land, the Pack must include copies of a certificate of an official search of the Land Registry index map, and those documents that the seller intends to rely on to provide evidence of title to the property, and thus the right to sell it.
The Home Information Pack must include:
Of the required leasehold documents only a copy of the Lease is compulsory, however, sellers should include other leasehold documents whenever available and the following are authorised for inclusion in the Home Information Packs.
The required commonhold documents are:
Where they are reasonably obtainable, or sellers can reasonably be expected to be aware of them, the following documents and information are also required: