Articles > Home Information Packs
(26 Nov 2007)
From 14 December, 2007, all homes going on sale in England & Wales will be required to have a Home Information Pack (HIP).The packs were originally intended to go into force in the spring of 2007, but due to a shortage of trained inspectors, the packs were phased in over a number of months instead.
Home Information Packs are required to contain a number of documents, including an Energy Performance Certificate. This certificate will give the property a comparative energy rating.
Other required documents include the sale statement, results of the title search, local search and others.
The HIPs are expected to speed up the process of purchasing a home in England & Wales by getting some of the legal work out of the way before the property is put on the market. It will also move some of the costs to the vendor, away from the buyer. If you found this article interesting or useful please share it with others!