Why were HIPs introduced by the government?
Most of the information contained in a HIP is only obtained once an offer has been accepted and your conveyancer / solicitor has been instructed. As a HIP provides all the information upfront, no wasted money is spent by the buyer on legal fees, searches and surveys. Therefore the transaction time from offer being accepted to completion is greatly reduced.

What is included in a HIP?

Sale Statement - provides details about the property being sold and who is selling it.

Title - for registered properties this contains copies of the Title Registers held by the Land Registry (HMLR) and the Title Plan, which identifies the property. For unregistered properties, this section will contain, details of the steps taken to establish ownership together with any documents which have been obtained.

Energy Performance Report - this report will include an Energy Performance Certificate (EPC) which provides a rating for your home indicating the current state of energy efficiency of your property.

Searches - this section contains copies of the searches which have been made to establish information that might affect the purchase or ownership of your property. The two searches that are included are; 1). Local Search and Enquiries of the Local Authority. 2). Water and Drainage Search.

Click here to see if you need a hip or call us on 0208 950 7111