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.
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