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Home Information Packs (HIPS) |
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What is a Home Information Pack? Basically, it is a set of documents giving some information about a property being sold. The government feels that providing information early will 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 will require a HIP. There are earlier dates for 3 and 4 bedroom properties. Richard Webster & Co can arrange a HIP for you. See our page about Arranging A Home Information Pack or Get a Quote for this. What is in a Home Information Pack? There are compulsory ("required") items:
And optional ("authorised") items:
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Copyright: Richard Webster & Co 2007 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 21/01/08 |
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