Information Packs Home
Home Information Packs
What is a home information pack? A Home Information Pack, more commonly known as a HIP, contains a variety of legal documents about a property being offered for sale including an energy rating certificate. Home owners are required to provide a Home Information Pack (HIP) for buyers when a property is placed on the market for sale. Initially, applying to 3 and 4 bedroom properties with 1 and 2 bedroom properties (including studio flats) to follow in due course, likely to be Q4 2007. What will a HIP contain? The main documents included in the HIP consist of an energy rating certificate and other documents required to exchange contracts on the property. Main Documents
There will be additional requirements for leasehold properties. Is the cost of the HIP paid UPFRONT? If you source your HIP from an estate agent selling your home, it may be charged upfront or added to the agency commission. Care should be taken with agents offering 'free' Home Information Packs, as the cost will of course be covered by a higher commission rate on the sale or longer tie in periods, making it cheaper to buy direct. COST - thisisjam.com HIPS Our HIPS are supplied by LMS, one of the UK's leading providers of legal and survey services working with some of the country's biggest mortgage lenders including Abbey, Halifax and Nationwide Building Society, managing over 300,000 transactions a year, with a turnover exceeding £40 million. SPECIAL OFFER: If you affect a mortgage through your advisor - HIPS from the leading supplier at cost price! HIPS Pricing Advance payment option* £299 + VAT = £351.33 Deferred to completion option* £349 +VAT = £410.07 Notes: The deferred cost option for the HIP permits you to pay on completion providing this takes place within 12 months. If you take the property off the market before sale, the fee becomes payable. *Rates quoted for freehold properties valued up to £500,000. Add £50 +VAT for properties valued over £500,000 and £75 +VAT leasehold supplement. *Plus a further £50 OFF with our combined conveyancing package How long will it take to create a HIP? By partnering with one of the UK's largest suppliers of conveyancing and survey services using sophisticated technology and integrated systems, Thisisjam.com can provide HIPS to our customers very quickly, depending only on the customer providing access arrangements for the energy survey. Expected turnaround to have an approved pack in place for selling your property is 7 days. (Why not consider selling your house privately through www.thelittlehousecompany.co.uk). |