New
Government legislation means you must have a HIP before
you can sell your home. A home Information Pack (or HIP)
is a collection of documents providing information about
a property being offered for sale. This will include information
such as the energy efficiency of the property, information
held by the local Authority that may concern a property
such as any planning or development issues and details
concerning the legal ownership of the property. You will
need to order your HIP before you can begin to market your
property.
Pollard
Residential can make this easy for you with the help of
the specialist HIP service provider
LMS. By choosing LMS as our HIP provider Pollard Residential
gives you the peace of mind that we are working with
the leading HIP provider in the country. LMS is a well
established company with over 15 years of experience
providing conveyancing, remortgage and valuation services
for clients ranging from some of the biggest banks &
building societies through to hundreds of independent
estate agents up and down the country.
Once completed your HIP and property
details will be viewable online by prospective buyers via
the LMS Home Navigator Website. Other area information is
also made available, such as local facilities, 2D and 3D
maps of the area. Click
on the LMS icon to see our current properties benefiting
from LMS Home
Navigator
(opens
in a new page)
What's
in a HIP?
A HIP must include:
Index
The Index lists the documents included in the pack.
Energy Performance Certificate
(EPC)
The EPC tells you how energy efficient a home is and its
environmental impact on a scale of A-G
with band A being the most efficient in both instances.
The best rated homes should have the
lowest fuel bills and have less environmental impact
through lower carbon dioxide (CO2)
emissions.
Sale Statement
This provides some basic information about the property
including:
- The seller’s name
The address of the property being sold
Whether the property is freehold, leasehold or commonhold
Whether the property is registered or unregistered at
Land Registry
Whether or not the property is being sold with vacant
possession
Standard Searches
These provide details of the provision of water and drainage
to the property and any information of
potential interest to buyers held by the Local Authority,
such as planning decisions and road
building proposals.
Evidence of Title
These documents contain important
information about the legal ownership of the property
including a plan of the land being sold.
Leasehold or Commonhold Documents (if applicable)
For leasehold properties you will need to provide documents
such as a copy of the lease, details
of any rules and regulations that apply and a summary
of service charges. Commonhold
properties will need to provide documents such as a title
plan of the common areas and an official
copy of the commonhold community statement.
There are also a number of documents that aren't essential
but can be included if you wish,
such as:
Home condition report - this provides a detailed report
on the physical condition of the property
and can legally be relied on as an accurate report.
Environmental reports
FAQ
Will I still need a HIP if my property is already up
for sale?
If your property is already on the market you will not
require a HIP. However, if your property is still on
the market on 1st January 2008 you will need to get a
HIP at this point.
When do I pay for the HIP?
You can pay for your HIP upfront by credit or debit card
or take a deferred funding option. This option
means you can defer payment for up to 11 months or
until your sale completes, whichever is sooner.
How long will it take to get
the HIP?
We aim to create a standard freehold property within
5 working days of commissioning the HIP.
Leasehold or properties with unregistered title may take
a bit longer.
Will the HIP cover everything
I need to buy/sell a property or will there be any additional
costs?
You will still need to pay for a conveyancer to complete
the legal process involved in buying/selling your
home. In addition, if you are buying a property there
will still be additional costs such as stamp duty and
in certain areas there may also be other searches required
such as radon or mining.
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