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The Little House Company offer HIPS to private sellers priced at just £299 +VAT (fully inclusive) with our home advertising

 

 

 

 

 

 

 

 

 

 

 

 

 

 

HOME INFORMATION PACKS (HIPS) apply to all homes from 14 December 07.

 

Home Information Packs (HIPS)

What is a Home Information Pack?

A Home Information Pack contains a variety of legal documents about a property being offered for sale including an energy rating certificate.

Home owners are required to provide a Home Information Pack (HIP) for buyers when a property is placed on the market for sale. This applies to all private homes from 14 December 2007.

Home Information Packs relate to *marketing* of the property by any method - you don't need to be selling with an estate agent to comply with or purchase HIPS which are available from any authorised supplier.

 

PRICING - The Little House Company HIPS

Our HIPS are supplied by LMS, one of the UK's leading providers of legal and survey services working with some of the country's biggest mortgage lenders including Abbey, Halifax and Nationwide Building Society, managing over 300,000 transactions a year, with a turnover exceeding £40 million.

Complete HIPS at one simple price :

LMS HIPS

All inclusive HIP

£299 +VAT = £351.33

- no supplements
- no leasehold charge
- flat price any value
- free hard copy

A deferred cost option is available for the HIP which permits you to pay on completion providing this takes place within 9 months.

 

What does a HIP contain?

The main documents included in the HIP consist of an energy rating certificate and other documents required to exchange contracts on the property. The HIP does not include a Home Condition Report (building survey) at this time.

Main Documents

  • Energy Efficiency Report
  • Terms of sale
  • Evidence of title
  • Standard searches
  • Planning consents, agreements, building control certificates
  • Sellers Property Information Form
  • Warranties and guarantees

Leasehold Supplement

  • Copy of the lease
  • Service charge accounts
  • Building insurance policy details and payment receipts
  • Regulations made by the landlord or management company
  • Memorandum and articles of the landlord or management company

 

Aren't 'free' HIPS offered by estate agents?

Take great care, so-called 'free' Home Information Packs are ALWAYS subject to terms and conditions. Of course, it's not really 'free' at all, the cost of the HIP must be paid for (by you) at some point, usually by a higher commission rate on the property sale or a tie in clause, meaning that your agent 'owns' the HIP and you can't change to another agent if you need to.

Buying your HIP direct means that you (not the estate agent) own the HIP and can use it with any other agent or private marketing. It will also be cheaper than the true hidden cost of an agent's 'free' HIP.

The Little House Company has a special deal for our customers. We offer a HIP that you own yourself, with no restrictive terms and the option to defer payment until completion of the sale (no upfront cost). This is not a 'free' HIP, but is probably the cheapest way to buy your HIP complete and direct. You can save even more by combining your conveyancing with the HIP.

 

Exemptions

A Home Information Pack is required to advertise any property for sale in England & Wales, with certain exemptions:

  • Property not offered on the open market (e.g. direct sale to family member, neighbour, or friend)
  • Non-residential property (i.e. shops or mixed commercial)
  • Properties sold with sitting tenants
  • homes on the market before HIPS were introduced

 

Procedure

Simply order your HIP at the same time as starting your advertising.

Our HIP providers, LMS, will take all your details and arrange for an appointment for an energy surveyor to visit your home at a time convenient for you. All necessary documents will then be compiled to complete your pack quickly, made available to view online or download in PDF format.

 

Sell your home online for just £89 - CLICK HERE

 

References:

Official Home Information Pack website:
http://www.homeinformationpacks.gov.uk/

Home Information Pack Regulations 2007
http://www.opsi.gov.uk/SI/si2007/20070992.htm

Timeline

1 August 2007 - HIPS introduced for 4 bedroom and larger homes
10 September 2007 - HIPS introduced for 3 bedroom homes
14 December 2007 - HIPS introduced for 1 & 2 bedroom homes
(TBA) - Exemption period ends, all properties on market require HIP

 


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