HIPs Update
Posted on: 29th January 2007
The Government have again moved the goal posts on Home Information Packs (HIPs).
Properties marketed before the 1st of June launch will now have until March 2008 before they require a Home Information Pack, the original deadline was October 2007.
Other changes will allow sellers to market their property as soon as the Energy Performance Certificate and key legal documents are provided as long as searches and leasehold documents have been commissioned.
Previously, Home Information Packs had to contain local searches before the property could go on the market and for leasehold properties they were required to contain leasehold documents.
Further changes allow Properties that are withdrawn from the market to use the original HIP if re-marketed by the same seller within a year of the original Hip date.
Estate agents must also include energy performance certificates with their property particulars for the first time. The Government says this would help buyers make green choices by comparing energy costs between homes.
If you have any enquiries regarding Home Information Packs please contact Paul Cowdery, Peter Brown, Jenny Axe or Katie Baldwin at Clarke & Son.