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When do HIPs become Law?
What is a HIP?
How much will a HIP cost?
Who can provide me with a HIP?
What happens if I don’t get a HIP?
When do HIPs become Law?
As of the 14th December, if you are intending to sell a
property, you will need a Home Information Pack (HIPs).
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What is a HIP?
HIPs consist of the following:
- An index (i.e. a list of the contents of the Pack)
- A sale statement (summarising terms of sale)
- Evidence of title
- Official Local Land Charge Searches from Local
Authority (including LLC1 and CON29)
- Drainage and Water Searches
- An Energy Performance Certificate (EPC)
- Where appropriate, commonhold information (including a copy of
the commonhold community statement)
- Where appropriate, leasehold information (including a copy of
the lease, information on service charges and insurance)
- Where appropriate, a New Homes Warranty
- Where appropriate, a report on a home that is not physically
complete
- A Home Condition Report – (Voluntary)
For the official information please visit the Government website
on Home Information Packs (New Window) for the
official home information pack website.
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How much will a HIP cost?
HIPs typically cost in the region of £400 to £1,000 depending on
the complexity of the property and who you use to provide your pack
for you. HIPs containing official Searches will provide more
trustworthy information and can be reused by mortgage
lenders.
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Who can provide me with a HIP?
HIPs can be obtained either locally through the
West Suffolk Property Lawyers (New
Window) or alternatively use a National HIP Provider. For a
list of National HIP providers please visit the
National
Association of HIP Povider (New Window)
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What happens if I don’t get a HIP?
The person marketing the property is known as the Responsible
Person and as such is responsible for obtaining a HIP. These are
often Estate Agents. By law to sell a Property you must have a
completed HIP available to prospective buyers to view. If the
Responsible owner fails to obtain a complete HIP then they may be
fined.
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