1st August sees the launch of the long awaited Home Information Packs, or HIPs as they are known, and Energy Performance Certificates (EPCs) for houses with 4 or more bedrooms. This is a staggered start to the new scheme but all houses of that size put on the market from that date are subject to the rules and must have a HIP and EPC.
John Guest a partner says:
“Many of our local conveyancing clients will be affected by HIPs and we can provide advice on what is required. Until the end of 2007, homeowners may market their properties as soon as they have commissioned a pack, rather than having to wait until one is received. HIPs had a shaky start when the Government was taken to court by the Royal Institution of Chartered Surveyors over the plans which delayed the 1st June launch and led to a negotiated compromise with RICS and the initial 4 bedroom house implementation.
The principle is to ensure buyers know how energy efficient a house is before they buy it and also so that some legal work is deal with in advance.
The following compulsory documents must be included in a Home Information Pack.
- Home Information Pack Index
- Energy Performance Certificate
- Sale statement
- Standard searches
- Evidence of title
- Additional information for leasehold and commonhold sales, where appropriate.
However, up until 31 December 2007 it is possible to market a property without all of the compulsory documents. If you want any advice on HIPs do contact John on 01329 822333. We carry out a wide range of property work and can advise you on all relevant areas.
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