Home Information Packs (HIPs)
News Flash
Announcement - 22 May 2007: Communities Secretary Ruth Kelly this afternoon made a statement to the House of Commons on the implementation of Home Information Packs and Energy Performance Certificates. Read a copy of today's press release, the full Ministerial statement, and updated Q&A here.On a related note, please also see this letter from the CLG to Energy Assessors and Home Inspectors providing further information on the introduction of Home Information Packs and Energy Performance Certificates from 1 August.
Home Information Packs
The Government are changing the way homes are bought and sold. The new HIP system will be phased in from August 1st 2007 and will transform the way homes are bought and sold in England and Wales. The changes are designed make the home moving process more transparent, more efficient and more certain.
Team has been at the forefront of developments to ensure that the new processes can be implemented as quickly and easily as possible - and with no upfront cost to the seller.
What will the Pack contain?
- An Index
- Energy Performance Certificate
- A Sales Statement describing the property being sold
- Evidence of Title - Official copies of Registered Title or copies of the Deeds
- The local authority, water and drainage searches
- New Homes Warranty, where appropriate
How will the new process work?
Having been instructed to market your home, and assuming it requires a HIP (it is likely that by the end of the year all properties will require a HIP), your Team agent will arrange with us for the pack contents to be assembled. This process will normally take about five days. We will compile your HIP at no upfront cost to you.
The HIP will be assembled online and your Team agent will have access to the HIP on our website. They will be able to supply printed or electronic copies for your prospective buyers when needed.
Your Team agent will be able to explain the content of the pack to you and discuss any issues which may be highlighted and how best to address them.
Your Team agent will also be able to advise your buyer on the contents of the HIP and ensure that the offer you receive is based on the upfront information it contains.
The cost of your HIP and sale conveyancing may well be included in the sale commission quoted by your Team agent as part of unique Team No Sale No Fee "All Inclusive" service. This means you only pay if you move, and pay nothing of you don't. This unique service is one of a number of options available from your local Team agent - pop in and see them and they will be able to advise you which is the best for you.
