What is a Home Information Pack?
Home Information Packs will be a set of documents, which will provide home buyers and sellers with key information about the property that they may wish to buy, such as Land Registry searches, copies of the deeds to a property and a home condition report. The Home Information Pack needs to be supplied by sellers to enable people to make informed decisions about what they intend to buy, based on reliable information. Information on Home Information Packs is available at http://www.homeinformationpacks.gov.uk.
Home information Pack Information Buying a home is one of the most important and costly purchase most of us will ever make. The Housing Act 2004 makes provision for changes to the way houses are bought and sold in England and Wales. Government has published the draft regulations, which cover the detail of how the changes will work including the Home Information Pack (previously called a Sellers Pack) and Home Condition Report – prepared by a certified Home Inspector. The costs of producing a Home Information Pack should be broadly similar to the combined costs of the information currently required plus the cost of a Home Condition Report. The difference will be that these will fall on the seller now rather than the purchaser. As 4 out of 5 people are both in the current housing market for many this will simply move the cost from one end of the process to the other. The pack is required before a property can be marketed and should deter speculative marketing of properties, which lead to
The Home Information Pack is a set of documents providing important information about a property, such as its energy efficiency, boundary ownership and planning permissions. They become compulsory from 1 August 2007 in England and Wales to improve home buying and selling for the consumer and as part of wider action to cut carbon emissions from homes. This means every person selling their home after this date must provide potential buyers with a Pack. The Pack includes an Energy Performance Certificate (EPC) plus searches and other legal documents.
A Home Information Pack (HIP) is a pack containing all relevant information on your home if you are selling it. The law now states that you must have such a pack before you can enter into the sale of your property and that no property can be sold without one. Each Home Information Pack produced contains information on the size of the property, a sale statement, evidence of title (i.e.: who owns the property currently) and all relevant searches such as those carried out by the Land Registry. The Home Information Pack (HIP) also contains what is known as an Energy Performance Certificate (EPC) which gives information and advice on how best to reduce CO2 output and subsequent fuel costs. It can also be referred to as a Home Condition Report (HCR). Sale Statement Contained within your Home Information Pack (HIP) is what is known as a Sale Statement; this document contains information on the individual who is selling the property. Such information will include the seller’s name as well as t
Home Information Packs are now compulsory for all sellers of residential property in England and Wales (with the exception of tenanted properties, and some other minor exceptions). It is an offence to market a property unless a Home Information Pack (HIP) is available for inspection by a prospective buyer. The purpose of the Home Information Pack is to ensure that certain relevant documents and searches are available when the property is marketed. In addition an Energy Performance Certificate must be made available to a prospective purchaser providing details of the energy performance of the property, along with any recommendations for improvement. Whilst it is not compulsory, the new rules recommend that the seller obtains a Home Condition Report from an approved home inspector so that the buyer can easily identify any potential problems with the property before making an offer and incurring expense. Regulations have been published providing that the contents of the pack should be spl
