HOME INFORMATION PACKS (HIPs)
As part of its extensive residential property services GHP Legal is able to provide home sellers with every element of the Home Information Pack (HIP), helping them to ensure they make the right choice for their particular situation.
Since December 2007 it has been a legal requirement for all residential home owners to have a HIP prepared prior to marketing their property. The purpose of the HIP is to provide purchasers with information that is specific to a particular property and to help them make an informed decision about whether or not they wish to purchase it. The HIP was also created with the intention of speeding up the buying and selling process.
From the outset HIPs have caused a great deal of confusion among homeowners, firstly in respect of what they must contain and secondly in respect of the options regarding getting the HIP prepared.
Although HIPs can also be prepared by an estate agent or by various independent HIPs suppliers, the Law Society recommends that sellers use a Solicitor to generate the HIP as it is the only way to ensure the HIP is fully compliant with all legal requirements. GHP Legal makes the HIPs process more transparent.
Frequently asked questions:
What is included in the Sale Statement?
How can I prove title to the property?
Will I have to produce my title deeds? If so, where can I find them?
What is included in the Standard searches?
What is the Property Information Questionnaire and will I have to fill it out?
Who pays for the preparation of the HIP - the seller or the buyer?
