Glossary of Conveyancing Terms

What are Home Information Packs?

Home Information Packs (HIP) are to introduced in June 2007 and are designed to improve the process of buying and selling a home. These will be compulsary for all sellers in England and Wales and is expected to speed up the process between an offer being accepted and contracts being exchanged.

• Documents required are:
• A list of pack contents, or index;
• Evidence of title;
• Sale statement outlining terms of sale;
• Energy performance certificate;
• Standard searches, e.g Local authority;
• Leasehold information (if applicable);
• Commonhold information (if applicable);
• New Homes Warranty (if applicable);
• Reports on a home that is incomplete (if applicable);
• A Home Condition Report.

Authorised documents include:

• Warranties and Guarentees;
• Other searches.

The cost of producing a Home Information Pack (up to £1,000), is being passed on to the seller, therefore the expense will simply be incorporated into the price of the property.

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