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Home Information Packs (HIPS) |
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Home Information Packs suspended The government has suspended the requirement to provide a Home Information Pack prior to marketing a property for sale with effect from 22nd May 2010. It will still be necessary to obtain an Energy performance Certificate in order to sell a property. If you ask us to deal with the Conveyancing on your sale we can put you in touch with a local Domestic Energy Inspector. The existence of the Packs will still be relevant for those properties marketed before that date in that the Packs may still be available in respect of those properties already on the market, and if so, Buyers may still save the cost of the local and drainage searches while these are still considered not to be "out of date". We have left this page on our site for the time being so that anyone wanting to know about what is to be found in a pack can still obtain the information, but over time it will become purely of historic interest What is a Home Information Pack? Basically, it is a set of documents giving some information about a property being sold. The previous government felt that providing information early would speed up the Conveyancing process and get people moved more quickly. In theory this concept could help achieve this, but the way it has worked out in practice means it isn't necessarily as simple as that, and for the most part the HIP is an irrelevance that buyers don't look at, and sellers have to pay for. The only real benefit at the moment is that the Local Search is usually available slightly earlier than previously. Do all sales need a HIP? With a few limited exceptions (set out on the HIP Exemptions page), any residential property in England & Wales first marketed in any way from 14th December 2007 and prior to 21st May 2010 will require a HIP. What is in a Home Information Pack? There are compulsory ("required") items:
And optional ("authorised") items:
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Copyright: Richard Webster & Co 2009 Richard Webster & Co 30 Leigh Road Eastleigh Hampshire SO50 9DT Home information Packs - Conveyancing Solicitors for the Southampton area, South Hampshire, and Wiltshire. Page Last Revised 24/05/10 |
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