On
1 August 2007 the phased introduction of HIPs
commenced. Since 14 December 2007 every property
put on the market in England and Wales requires
a HIP. (There are some exceptions, a list of which
can be found here).
Until the end of May 2008, sellers
will be able to market their property as soon
as the HIP has been commissioned rather than having
to wait until they have been prepared. Additionally,
as a temporary measure, Energy Performance Certificates
can be up to 12 months old when a property is
put up for sale.
What is
it?
The HIP is a set of documents providing important
information about a property such as searches,
copies of the deeds and information regarding
its energy efficiency. The documents fall into
two categories. Those that are compulsory (required)
and those that are optional (authorised):
Required Documents:
- HIP Index
- Energy Performance Certificate (EPC)
- Sale Statement
- Evidence of Title
- Local and Drainage & Water Searches
- Additional information for Leasehold/Commonhold
Sales (where appropriate)
Authorised Documents Include:
- Home Condition Report
- Home Use/Contents Forms
- Legal Summary
- Other Searches
How can
we help?
We have teamed up with LMS in order to be able
to offer you the best value solution for your
HIP. With deferred payment options and cashback
offers if you decide to choose a LMS panel firm
for your sale conveyance, we think a HIP from
LMS will be hard to beat.
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Information Packs (HIPs)