Home Information Packs (HIPs) provide buyers in England and Wales with the information they need about a property to empower them to make an informed decision about whether or not to make an offer for a property.
What is a HIP?
The Home Information Pack (HIP) gives buyers important documents about the property free of charge before they make an offer. In the past, before the introduction of HIPs, buyers would have to pay for this information themselves. This information must be available to a buyer as soon as a property is put on the market.
What is in a HIP?
The HIP comprises of compulsory and optional sections. There are also items that are forbidden such as marketing and advertising material.
These are the compulsory (required) items:
- Home Information Pack Index
- Property Information Questionnaire (PIQ)
- Energy Performance Certificate (EPC) or Predicted Energy Assessment (PEA)
- Sustainability information (required for newly built homes)
- Sale statement
- Evidence of title
- Standard searches
- A copy of the lease (if applicable)
- Commonhold documents (if applicable)
Optional items:
- Home Condition Report - contains information about the physical condition of the property and can be used by all parties involved in the transaction as a legally accurate report. It is similar to the more familiar Homebuyer Survey and makes the seller and buyer aware of repairs that are needed.
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