HIPs and private house selling
In 2007 the Government introduced their controversial Home Information Packs (HIPs), and in 2008 you need will to need to apply for one if you are planning on starting to sell your property.
Despite a confusing rollout, HIPs are here to stay. And they’re really quite simple once you understand what they are and who needs one.
The Facts.
HIPs only apply to England and Wales.
If you are selling in Scotland you do not need a HIP.
If you are selling in Northern Ireland you do not need a HIP.
Who needs to get one?
1. Four or more bedroooms: If you started marketing your property prior to 1st August 2007, you currently don’t need a HIP.
2. Three or more bedrooms: If you started marketing your property prior to 10th September 2007, you currently don’t need a HIP.
3. Other properties: If you started marketing your property prior to 14 December 2007, you currently don’t need a HIP.
* Currently no date has been set when all properties on the market prior to the 14th December 2007 will require a HIP.
If you have gone on the market recently or are about to:
If you put your house on the market after 14th December 2007, or you are thinking of doing so now, then you will have to apply for a HIP.
What are they?
“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.” - source homeinformationpacks.gov.uk
Who can prepare one for you?
When you register your property with us we will point you in the right directon to our preferred HIPs provider (although you can use any HIPs provider you like).
How much do they cost?
£250 - £350 on average. Our preferred HIPs provider has a national service and charges just £249 for Freehold and £269 for Leasehold. (Prices correct as at 12 January 2007.)
Do I have to wait for the pack before I start selling?
No! According to government guidelines, “Homes can be put on the market without a Pack, providing all the necessary documents have been requested and paid for, or a commitment to pay for them has been made. The documents should be made available within 28 days.” - source homeinformationpacks.gov.uk
This means you can register your property, pay for a pack and begin selling immediately - YOU DO NOT HAVE TO WAIT FOR THE PACK TO ARRIVE - although you need to make provision for the pack to be available within 28 days.
So that’s it - you have the facts. Register your property, order a HIP - and off you go!
If you need more information about HIPs, visit the Government’s website.
