Home Information Packs, (HIPs) from Temples Estate Agents, Estate Agents Aylesbury, a top local Aylesbury Estate Agent

Temples Estate Agents Aylesbury, Aylesbury Estate Agents that provide an all round service for both buying and selling as well as renting and commercial property services.
 
 

Home Information Packs

Why do you need a HIP?Why do you need a HIP?

Home Information Packs or HIPs are designed to improve the home buying and selling process. A HIP provides important information about a property so that buyers can make an informed decision before offering, and the sale is not delayed because of unexpected issues.

When do you need a HIP?When do you need a HIP?

You need a HIP whenever you put a house or flat on the market in England and Wales. The HIP must be ordered and paid for ( or arrangements for payment made) before marketing starts e.g. before a property is advertised or a for sale board erected. There are a small number of exceptions e.g. when selling a property with a sitting tenant. Please contact us if you are unsure whether a HIP is required.

  
Home Improvements Packs"Our provider is registered with the Property Codes Compliance Board as a subscriber to the HIP Code."

What goes in it?What goes in it?

A HIP contains the following compulsory documents:

  • Index- listing all the documents in the HIP and the dates they were created.
  • Energy Performance Certificate- stating how energy efficient the property is , and recommendations on how its efficiency could be improved.
  • Sales statement- details of the sale.
  • Title documents- land registry documents which confirm the ownership of the property and include a plan of the plot.
  • Local Authority Search- containing local information relevant to the property e.g. planning applications, road / rail schemes etc.
  • Drainage and Water Search- containing information and maps for the sewers and water supply to the property, and infomation on how the services are billed.
  • Lease- a copy of the lease is included for leasehold properties.

It can also contain optional documents (which are authorised) such as:

  • Fixtures and Fitting Form.
  • Home Condition Report
  • Environmental Search

Will someone need to visit the property?Will someone need to visit the property?

Yes, a Domestic Energy Assessor (DEA) will need to visit the property to carry out an energy performance survey. They will measure the area of the property and record information about its construction, heating and lighting systems. This typically takes between 40 and 90 minutes, depending on its size. The Assessor requires access to all rooms in the property and to the loft space.

HIPs from Temples Estate Agents Aylesbury

How long does it take?How long does it take?

It usually takes around 7 - 10 working days to complete the HIP.
Occasionally it can take longer if the local authority or water company are slow in providing the information, or if the Domestic Energy Assessor has to wait to access the property.

What will the HIP look like?What will the HIP look like?

Most HIPs are supplied in electronic form as a PDF document. This means that they are portable, easy to file and can be swiftly sent to people who need them e.g. buyers and solicitors. A printed copy can be supplied on request.

How long does it last for?How long does it last for?

While the property is on the market there is no need to update the pack. If marketing stops and re-starts for any reason e.g. because a sale has fallen through, a new pack is not required providing the property is re-marketed within one year of when marketing first began.

How much does it cost?How much does it cost?

The cost of the HIP depends on whether it is a freehold or leasehold property. You can pay your HIP by deferred payment. This means that you can take out a credit agreement to postpone paying for the HIP for up to nine months giving you time to sell your property.

Buy Property in Aylesbury,  Sell Property in Aylesbury,  Rent Property in Aylesbury,  HIPs Information,   Commercial Property in Aylesbury,   Contact our Aylebsury Office

Temples Estate Agents are based in Aylesbury in Buckinghamshire and cover the following areas: Aylesbury, Aston Clinton, Tring, Wendover, Weston Turville,
Bicester, Buckingham, Dunstable, Thame, Wing , Winslow and Wallingford. These are all located in the following counties Buckinghamshire - Bucks, Hertfordshire - Herts and Oxfordshire - Oxon.

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