Home Information Packs from Farrell
Heyworth
Introduction
If you are putting your home on the market then you probably
will need a
Home Information Pack (HIP). At Farrell Heyworth we have a
simple, competitive HIP solution with NO upfront fees*! Phone or
pop into your local Farrell Heyworth branch and we'll be
delighted to answer any of your HIP questions, for fill in the form
here and we will call you.
What is a HIP?
A Home Information Pack provides information
to a buyer about a residential property they’re thinking of buying.
The pack is a legal requirement and must be provided by the seller
or their estate agent. Producing the pack is the first part of the
house selling process, as without it a property cannot be put up
for sale.
Why is a HIP required?
The UK government wanted to make sure buyers
were better informed up front rather than after a purchase had been
agreed.
The HIP was designed to save time once a sale
has been agreed by providing information such as searches up front,
therefore helping to achieve an earlier exchange of contracts which
in-turn reduces the number of aborted sales and unnecessary costs
incurred by some purchasers.
An energy performance certificate ('EPC') is a
key element of a HIP. This certificate provides each property with
an energy rating similar to those than can be seen on fridges and
freezers. Areas for energy savings are also highlighted.
The EPC was included to meet the governments
commitments set by a European directive, that all member states
have to implement. The EU found that a significant proportion of
energy was being used by residential properties. Increasing the
energy efficiency in millions of properties across Europe, in even
a small way, will result in significant overall reduction in energy
usage.
* For leasehold properties additional 3rd party fees may be
payable upfront to obtain the required leasehold information
relating to your property that must be included in the
HIP"