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HIPowers

29 - Jul - 2010

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Some Simple Answers

Some Simple Answers

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What is a Home Information Pack (HIP)?

It is a collection of legal documents intended to make the selling and buying process more transparent. What goes in a Hip?

A home information pack index
A Sale Statement and PIQ
An energy performance certificate
Standard searches
Evidence of title
Additional information for leasehold and commonhold sales, where appropriate
What is an Energy Performance Certificate (EPC)?
The Energy Performance Certificate (EPC) gives home owners, tenants and buyers information on the energy efficiency of their property.
It gives the building a standard energy and carbon emission efficiency grade from 'A' to 'G' (where 'A' is best) and advice on cost effective improvements to improve the current rating.
The advice contained in the report is just that - you do NOT have to act on it if you don't want to.

All residential properties being placed on the market in England and Wales must have a Home Information Pack.
All Residential properties being offered for rent must have an Energy Performance Certificate.

Energy Efficiency Grants may be available, follow this link to see if you qualify.

Do I need an EPC?

There are exemptions, but if you are selling your home or renting to a new tenant then the answer is Yes.

How long does a HIP last for?

The HIP does not have an expiry date as such, however the buyer may request new searches if the original ones are considered by their conveyancer to be out of date, but that is up to them to fund.

The EPC for a property being sold currently has a life span of 3 years.

The EPC for a property being rented currently has a life span of 10 years and can be re-used for subsequent lettings within that period.

What happens if I don't get one?

As it stands, the legislation allows the Local Trading Standards Authority to impose a 200 fine on the seller / agent for non-compliance. This fine is not a one-of, it can be levied for each day that the property remains on the market.

Are your HIPs compliant?

Yes, all of our packs are HIP Code compliant.

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