Home Information Packs

What is a HIP?

Since 2007 all residential properties marketed for sale require a Home Information Pack or HIP. The HIP is a set of documents giving information about that property. Most of the documents in the Home Information Pack were historically sourced by the buyer’s solicitor, however as they now form part of the HIP the buyers solicitor may choose not to source new ones and instead rely on the documents supplied by the vendor. The purpose of the Home Information Pack is to speed up the conveyance of the property when a sale is agreed and give potential purchasers information regarding the property such as energy usage.

How long does the HIP last?

The HIP is valid as long as the property is continually marketed. If there is a break in the marketing, you may have to purchase a new HIP. You should check with your HIP Provider or Estate Agent if you are thinking of removing the property from the market for any reason. There are certain elements of the Home Information Pack which are generally perceived to be 'out of date' by property professionals after a certain period of time and the buyers solicitor may choose not to rely on them if the property has been on the market for en excessive period of time. However as long as the HIP is valid, the vendor is under no legal obligation to renew these elements.

Do I need the HIP in place before the property is marketed.

As from 1st April 2009 certain elements of the HIP will need to be in place before the property is marketed. Pali have systems in place which will prevent a delay in marketing the property. Before 1st April 2009 you only require confirmation that an order has been placed for a Home Information Pack and payment has been agreed.

How long does the HIP take to produce?

At Pali we aim to have our HIP completed within ten working days of orders being placed. However in many cases we are able to turn them round in under five.

How much does a HIP Cost.

At Pali our prices range from £250.00 to slightly over £300.00 depending upon location, tenure and whether or not the property is registered at Her Majesty's Land Registry.

How do I order a HIP.

You can order online now simply CLICK HERE. Or alternatively you can telephone 08700 500 820.