Know Why You Must Avail Home Owner Information Pack
Landlords are supposed to have Home Information Packs (HIPs) when they are planning to sell the property. They were first introduced by the Government in December 2007 to speed up the property transaction process. However, some changes were announced in December 2008. This included the introduction of a new Property Information Questionnaire that will provide a summary of information about the property in one place, helping buyers make decisions about whether to view a property, and ultimately whether to make an offer.
From 6 April 2009 the Government is making some important alterations to the Home Information Pack (HIP) that will affect the stage at which it can be purchased. It is now permitted by law that a HIP be in place before the property is marketed, this means that payment must have changed hands before advertising can begin. You must therefore have the following in place:
Property Information Questionnaire (PIC). Home Information Packs quotes for home owner can provide all the required information easily.
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. Our Domestic Energy Assessors are accredited to the highest standard. They offer competitive prices, operate quickly and efficiently. Apart from this, our Insurance partners also offer a flexible out of hours and weekend service. Home information pack for landlord holds a great amount of significance.
The HIP does not include:
- properties that are limited by law to use as holiday accommodation for occupation for less than 11 months per year
- properties where there is no marketing (e.g. selling to a member of your family)
- non-residential properties
- mixed sales (e.g. shop with flat)
- right to buy and similar sales
- sales of portfolios of properties
- unsafe properties and properties to be demolished
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