A HIP is a set of documents that provides the buyer with key information on the property and must be provided by the seller or the seller's agent. It is a legal requirement to have a HIP in place before marketing can commence. The HIP lets buyers see important information about the property at the start of the process, free of charge. This means there is less chance of buyers becoming aware of any surprises at the end of the process. The HIP can help reduce delays and extra expense to the buyer and seller.
The HIP is made up of required (compulsory) and authorised (optional) items.
The following documents must be included in your HIP:
Freehold properties: Home Information Pack Index, Property Information Questionnaire (PIQ), Energy Performance Certificate (EPC) or Predicted Energy Assessment (PEA), sustainability information (required for newly built homes), sale statement, evidence of title, standard searches (local authority and drainage and water).
Leasehold properties: all the compulsory documents above, a copy of the lease.
Optional documents:
Other documents can be included within your HIP, but these are optional. If they are included, it could help to speed up the sale and ensure that the process goes more smoothly. These include: Home Condition Report, legal summary, home use/contents form, other documents like specialist searches (for example, the seller may choose to include a mining search in a mining area).
MARK YOULL will be pleased to arrange a home information pack complete with floor plan for your property. For more information and details of the cost, please telephone our sales team on 020 8668 5344
Mark Youll Independent Estate Agent
Address: 10 Godstone Road, Purley, Surrey, CR8 2DA
E-mail: Sales@markyoull.co.uk or lettings@markyoull.co.uk
Telephone: 020 8668 5344
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