Home Information Pack (HIP) is a compulsory
requirement for a seller of a three bedroom and above
in England and Wales as from 10th September 2007
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).
HIP will have to contain: -
of the title to the property;
and water searches;
of leasehold information;
HIP may contain
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.