| A
                            Home Information Pack (HIP) is a compulsory
                            requirement for a seller of a three bedroom and above
                            residential property
                            in England and Wales as from 10th September 2007 It
                            must be made available to an interested Buyer, and a
                            property will not be able to be marketed for sale
                            unless a HIP is available (subject
                            to certain exceptions). A
                            HIP will have to contain: - 
              
                Details
                                of the title to the property;
              
                Local
                                and water searches;
              
                Details
                                of leasehold information;
                An
                                energy certificate; A
                            HIP may contain  
                             The
                            cost of preparing a Home Information Pack for an average
                            3 Bedroom home start from £350. The seller will pay, but this
                            will be balanced out because the vast majority of
                            sellers are also buyers. |