Home Information Packs
All properties marketed from December 14th 2007 require a HIP by law.
Since 1st August 2007 sellers of properties with four or more bedrooms have been required to produce a Home Information Pack (HIP) for prospective buyers.
Now ALL properties placed on the market after 14th December 2007 in England and Wales will require a HIP before they can be sold. Even properties marketed before December 14th will require a HIP if there is a break of even just one day in the marketing of the property after 14th December 2007.
A Tesco HIP costs just £297 up front (ex. VAT, Freehold or Leasehold) or £339 (ex. VAT, Freehold or Leasehold) if deferred for 9 months.
Rather than adding the cost of a HIP to your mortgage (which accrues interest and could end up costing you thousands) or adding a percentage of the sale price onto your estate agent's fee (not at all cost effective), you should consider improving your selling position by having a ready-prepared Tesco HIP available to buyers.
This will include as mandatory:
- Terms of Sale. The details of the seller, the property and the price
- Title. Copies of documents giving evidence of ownership of the property and the rights and obligations which affect the property.
- Searches. Search replies made with local authorities establishing information that might adversely affect the purchase or ownership of the property.
- Energy Performance Report. Providing a rating for how energy efficient the property is and suggestions on how to improve the rating.
HIPs are designed to provide buyers with important information early on, giving them a transparent picture of any issues they need to be aware of before making an offer. Subsequently, a sale can progress more smoothly and with less time wasted.
Don't delay, order your Tesco HIP through our third party conveyancing provider MyHomeMove today.
To buy your HIP or to find out more either:
Call 0845 234 0241 or
