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When do I have to provide a HIP?
A HIP (Home Information Pack) will need to be provided or ordered before any type of marketing of the property takes place. An Estate agent should not market a property without a HIP reference code.
The Pack includes an Energy Performance Certificate, containing advice on how to cut carbon emissions and fuel bills. Also included are documents such as a sale statement, searches and evidence of title.
What goes in a HIP?
A HIP includes documents that are required when homes are bought and sold. Some documents are mandatory and others optional.
The mandatory documents are:
• An index (ie a list of the contents of the HIP)
• A sale statement (summarising the terms of sale)
• Evidence of title
• Standard searches (ie local authority enquiries and a drainage and water search)
• An Energy Performance Certificate (EPC)
• Commonhold information (where appropriate)
• A copy of the lease (where appropriate)
Documents that are optional include:
• A Home Condition Report (HCR)
• Additional leasehold, information
• Guarantees and warranties
• Other searches relevant to the particular area
Who compiles HIPs?
Sellers can hire solicitors or independent pack providers (HIP National)
Are HIPs required across the UK?
No - only in England and Wales at present
I'm selling my house privately - do I need a Home Information Pack?
If you are marketing your property, even if it's just by putting a 'for sale' sign in the window, you need a Pack. Sales where no marketing takes place (e.g. to a member of the family) won't need a Pack.
Who pays for the Pack?
The seller is responsible for the cost of a Home Information Pack. The cost of the Pack is down to the market.
How will I pay for the Pack?
This depends on the agreement between the seller and the compiler of the Pack. Some examples of the ways that Packs might be paid for are as follows:
• Seller pays for the Pack upfront from the solicitor or Pack provider
• Seller compiles the Pack and pays each organisation for the relevant component (e.g. the Land Registry for the title document)
• Estate agent offers the Pack to the seller on a 'no sale, no fee' basis, where the cost of the Pack could be included in the estate agent's commission
• Estate agent offers the Pack to the seller on a 'buy now, pay on completion' basis, which is usually a credit agreement for three or six months between the seller and the organisation compiling the pack.
• These are only indications of payment models; the Pack regulations do not prescribe any particular payment method.
See What's in a Home Information Pack? for more information
Do I have to put electrical certificates in my Pack?
Electrical certificates (past or present) are not a required component of the Pack, but can be included if the seller has them.
I've lost guarantees of work I have had done - what do I do?
Don't worry - guarantees aren't a required component of the Pack, but can be included if you have them.
Should the pack include a Home Condition Report?
A Home Condition Report could help you sell your property more quickly if it shows that it is in good condition, or if it highlights any problems straight away for potential buyers, it can avoid nasty surprises for buyers later in the process.
My house has been on the market before HIPs came in. If I change Estate Agents now, do I have to get a HIP?
If your house has not been taken off the market i.e. continuous marketing has occured, then no, you will not need to commission a HIP. If however, there was a break in marketing you will need to supply a HIP.
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