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Information Packs (HIPs)
What are they?
All homes marketed for sale in England and Wales from 14 December 2007 will need a Home Information Pack (HIP). The pack will need to include details about the property, searches and a Home Energy Report. It is designed to help the buyer make an informed decision whether to buy the property or not.
What do they include?
- Terms of sale
- Official copy of the Land Registry title
- Filed plan
- Full copy of the title if it is unregistered
- Local search
- Sellers property information form
- Fixtures and fittings list
- Drainage search
- A Home Energy Report
For a leasehold property it will also need to contain the following:
- Copy lease, any sub leases or licences
- Copy of any landlords regulations to do with the property
- Copy up to date insurance schedule
- Copy last 3 years management accounts
- Details of any future capital expenditure
- Company search against the managing company
- Copy memorandum and articles of association
- Copy share certificate of management company
How do I get one prepared?
Crossmans are well placed to prepare HIPS and to do so with speed ,accuracy and legal competence. It is important that as soon as you think about selling, even before you instruct the Estate Agent, that you let us know so we can start to assemble the pack, and apply for the searches. This does mean that you will need to be serious about selling otherwise you may be wasting costs in getting the pack ready.