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What does this mean for sellers?

What does this mean for sellers?

A Home Information Pack (HIP) is required for all properties sold in England and Wales. By law, a HIP must be ‘commissioned’ before marketing is commenced. There are a few exceptions where a HIP is not required. They are as follows:

  • Properties where there is no marketing (e.g. sale to member of your family)
  • Non-residential properties
  • Seasonal and holiday accommodation
  • Mixed sales (e.g. shop with flat)
  • Right to buy and similar sales
  • Sales of portfolios of properties
  • Properties not being sold with completely vacant possession
  • Unsafe properties and properties to be demolished.
  • Properties already on the market when the duty to have a Pack was commenced (1st August 2007 for sales of homes with 4 bedrooms or more, and 10th September for sales of homes with 3 bedrooms or more)

To request your HIP, you can go through your fully trained movewithus agent. It is their job to compile the HIP, including the EPC, on your behalf. If your property is marketed without one, the agent can be fined up to £200 per day per offence. There are several payment options available to you which will be explained to you by your agent.

 

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