Home Information Packs (HIPs) – Get The Basic Information
Home Information Packs (HIPs), include two types of documents:
- Compulsory information - such as the Sale Statement, Property Information Questionnaire (PIQ), Evidence of Title and Energy Performance Certificate (EPC), sustainability information (required for newly built homes), sale statement and standard searches (local authority, drainage and water). For leasehold properties, a copy of the lease must also be included
- Optional information - such as the legal summary, home use/contents form, specialised search reports (e.g. a mining search) and the Home Condition Report, a legal report on the physical condition of the property that brings to light any problems which will incur repair costs
HIPs bring information upfront to increase certainty and inform buyers about a property before they incur costs. Informed choice by buyers at the start of the process will help minimise delays later on and reduce wasted time for sellers.
In the absence of compulsory information, a document called the Home Information Pack Index can provide the valid reasons regarding an HIP. An HIP is not a standard 'look' for a Home Information Pack. The only legal requirement is that it contains all of the compulsory items and that certain documents were no more than three months old when the property was first marketed for sale. Home information pack property can help a landlord immensely.
Landlords are required to provide a Home Information Pack (HIP) if they are marketing residential property in England or Wales. Our Insurance partners can help you get a Home Information Pack fast and at a competitive price. With let property home information packs, you can easily get the required information.