Why Do I Need A HIP & What Does it Contain?

On 14th February 2007, the Government introduced legislation stating that every home placed on the market for sale (with few exceptions) must have a HIP. It brings together valuable information at the start of the property sale process such as a sale statement, local searches, evidence of title and title plans.

This information makes it clear to a potential purchaser exactly what they are buying and could save time, money and the stress of making an offer and paying out for survey / legal fees etc, only later to find out that there was an issue that prevented the purchase or meant that the property was not suitable in some way.

The Pack also includes an energy performance certificate (EPC) that contains advice on how to cut CO2 emissions and fuel bills (saving money and protecting our environment for the future if we were all to act on the advice).

EPC graph example -

HIPs provide key information needed for home buyers and sellers at the very start of the process making transactions more efficient and less likely to fall through between offer and exchange.

HIP documents give consumers a clear, up front picture of what they are buying and selling. There is no longer any need for confusion or misinterpretation.