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HIPs
Edward Gallimore FRICS is a qualified Domestic Energy Assessor who can produce energy performance certificates for inclusion in HIPS packages.
A HIP will contain all of the documents and searches usually supplied to a buyer as the sale progresses. These are now, however, provided in advance by the vendor at the time the property is first marketed and before a sale offer is agreed. The HIP will also contain a new type of report stating how energy efficient the property is. This will be called an Energy Performance Certificate. These are all mandatory contents of the HIP..
In addition the HIP can also include an optional home condition report (HCR) The report is only concerned with construction defects and building condition. Home condition Reports must be complete objective and satisfy relevant codes of practice and standards These were also to be mandatory but the Government have now decided they may be regarded as an optional extra at least for the time being.
A Home Information Pack will contain:
- An Index
- An Energy Performance Certificate
- A Sale Statement - describing the property being sold
- Evidence of Title - official copies of Registered Title or copies of the Deeds
- The Local Authority, water and drainage searches
- New Homes Warranty (where appropriate)
The intention of the legislation is to bring more transparency to the home buying and selling process so that any potential buyers of any qualifying property coming to the market after 1 August 2007 will have access to a pack containing all of the information they or their advisers may need to see before an offer is made and accepted.
Please contact us for more information