The HIP (Home Information Pack) is intended to make buying and selling a property much simpler and quicker by providing useful information for potential buyers. All properties new to the market now require a HIP and Cheffins will help you arrange one easily and efficiently.
Useful Tips for Vendors
The Home Information Pack contains important information that buyers and sellers need to know. It will contain information that was previously compiled by a solicitor at the conveyancing stage of a house sale so it should help to reduce the overall length of time required to complete a contract.
For sellers, a HIP should reduce the likelihood of any nasty surprises in the selling process that could delay a sale, since buyers will be able to make more informed decisions about purchasing the property.
For buyers, a HIP provides essential information, entirely free of charge, about any properties they are considering buying.
Essentially, HIPS are divided into compulsory (Required) and optional (Authorised) sections, so you can decide exactly how much information to provide for buyers.
The following compulsory documents must be included in a Home Information Pack.
Index - a list of all the documents included in the Pack (and any that are missing from it)
Energy Performance Certificate - this will provide a rating chart to show how energy efficient the building is and the likely energy costs of occupying the property
Sale statement - this provides basic information about the property, including:
Standard searches - the HIP must include:
Some documents in the Home Information Pack are optional. These include: