HIP - explanation and information

HIPs stands for Home Information Packs. They are designed to provide potential property purchasers with detailed information about the property before they view it.

What a HIP includes:

A HIP must include the following:

• An index listing the contents of the HIP
• Title documents
• A sale statement
• An Energy Performance Certificate compiled by a qualified 'Domestic Energy Assessor'
• Standard searches such as land searches
• Commonhold information
• A copy of the lease, where applicable.

Also there are optional documents which could include:

• A Home Condition Report
• Home use / contents form
• Additional leasehold information
• Guarantees and warranties
• ...and other relevant searches

Why they were introduced:

HIPs are designed to benefit purchasers by making the home buying and selling processes more transparent. HIPs are designed to take the stress out of buying a home by speeding up the period between the acceptance of an offer and the exchange of contracts. It is intended that HIPs will benefit the property market by cutting the amount of deals that fall through.

Do you need a HIP?

All properties put on the market in England and Wales on or after 14 December 2007 require a HIP. You must ensure you either have a HIP or have arranged for one to be written before putting it on the market.

How do you get a HIP?

From your 'My Properties' page there is a link to 'Purchase a hip'. Just complete the simple form, pay for the HIP and you will be contacted to make the full arrangements to deliver your HIP.

For more information on Home Information Packs, visit the government's official web site, www.homeinformationpacks.gov.uk