Thursday, 19 March 2009

Home Information Packs

As from the 6th April a property will not be able to be marketed unless the Home Information Pack contains :

  1. Index
  2. Sale Statement
  3. EPC
  4. Property Information Questionnaire
  5. Office Copies and Title Plan
  6. The Searches (Local and Drainage)
  7. If Leasehold, a copy of the Lease

The Property Information Questionnaire is a new document for inclusion in the HIP and will be completed by the Seller and contain basic information about the property that is likely to be of assistance to potential buyers.

It is advisable to have a full, official Local Authority Search included in the HIP. Personal searches with insurance cover for unanswered information will not be valid from 6 th April 2009.

There are many companies who offer HIPs, but it is advisable to use a firm of Solicitors for the compilation of the HIP as we can provide you with legal advice regarding the completion of the documentation, including the Property Information Questionnaire.

A HIP is valid until the property is sold. There is no obligation to update any documents in the HIP whilst the property remains on the market.

If the property is sold, but the sale falls through the HIP is still valid provided the property is remarketed within 28 days of the sale falling through. If the property is NOT remarketed within 28 days a new HIP will be required.

If you do not market the property for sale and sell your property to a friend or a relative then a HIP is not required, but you must obtain an Energy Performance Certificate.

When you decide that you want to sell your property contact Woolsey Morris & Kennedy and we will be pleased to provide you with a quotation for the preparation and supply of your HIP and we can also act for you in the subsequent sale and any associated purchase at competitive rates.

Contact Ian Motton on 020 8300 9321 or imotton@wmk-law.com alternatively Contact Us

1 comments:

Anonymous said...

The searches are NOT required at the first point of marketing. They can be added up to 28 days later.
The order in the HIP after the index is PIQ then EPC.