Home Information Pack (HIP)
What is a Home Information Pack?
A Home Information Pack (HIP) includes an Index, Energy Performance Certificate, Sale Statement, Standard Searches, Evidence of Title and other information for leasehold and commonhold sales. It may also include the Home Condition Report, Legal Summary, Home use/ contents forms and other documents as optional additions.
How long does a Pack remain valid?
Until 31 December 2007 a property can be marketed provided the HIP has been commissioned but the EPC must be provided before exchange. From 1 January 2008 onwards, a HIP including the EPC should be available from the time it is first placed on the market.
The HIP can be up to 12 months old when the home is placed on the market. While the property is on the market the Pack remains valid and there is no need to update it (ultimately, the market decides whether the documents remain acceptable and up to date).
If the sale of the property stops and then starts again, it would normally be required to assemble a new Pack and to update those documents which are now out of date according to the requirements of the Home Information Pack Regulations. However, the seller can carry on using the same Pack without the need to update any of the documents in the following circumstances:
Where marketing stopped because the seller accepted an offer and wants to restart marketing because the sale has fallen through, provided that remarketing starts within one year of the date when marketing first began or, if later, within 28 days of the sale falling through.
Where marketing has stopped for any other reason, the seller may remarket the property with the same Pack provided that remarketing starts within one year of the date when marketing first began.
If you need a HIP whether you are selling or a Landlord letting, ThermaDetect can provide the necessary pack to enable you to market your property. Just phone 01252 501703 to book.
Click here to request a HIP...