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Hip Pack Info
HIP Pack Information: HIPS Information from PROPERTY ADVICE BLOG
The Importance of HIPS - Home Information Packs became mandatory in December 2007, meaning that every house on the market today requires this valuable document. HIPS are important for a number of reasons. They include a sale statement, title evidence, local searches and an energy performance certificate, with advice on ways of reducing bills and CO2 emissions.
If you’re buying property through an estate agent, it’s vital to read the HIP at the start of the process. In this way buyers can gain a clear understanding of the property, helping to make the offer and exchange process more fluid and efficient.
PROPERTY ADVICE BLOG tips on HIPS!
• If you’re interested in a property, ask to see the HIP and check that all the essential information is included.
• If you discover that there are compulsory documents missing, find out when the documents will be available and why the pack is incomplete. This should be done speedily.
• Ask about whether a Home Condition Report is included in the pack.
• Share the details of the pack with your solicitor in order to gain expert property advice on the contents.
