The home Information pack is compulsory from 1st August 2007 only on homes of 4 bedrooms or larger. September 10th on 3 bedroom properties
However what is not compulsory or required in the pack is the “Home condition report.” as this offers no benefits, and is not acceptable to the building society as a survey.
You should be aware that there is no legal definition of what constitutes a 4 bedroom of larger property or 3 bedroom property.
If you describe your home as “having rooms instead of bedrooms”. The Home information pack is not required nor is the Energy performance certificate.
The only new cost is the, Energy Performance Certificate. Cost of £50 to £60 maximum, any more you are being overcharged Please see Criminal record checks.
If you put your home on the market before 1st August, you do not need a pack until January 1st 2008.
In a further change to existing proposals, sellers will only need to have commissioned a pack before they put a property on the market, as opposed to waiting until they have a HIP in place .
The required HIP documents.
- Home information index Basically a list of the packs content.
- Energy performance Energy Performance Certificate.
- Sale statement Sale statement.doc
- Evidence of Land registry title example.
- Local and drainage-&-water searches. – A drainage and water search can be requested from your water supplier.
- Additional information for leasehold and commonhold sales, where appropriate.
You can also include a Home contents document in the pack, to layout what is included and whats not.
Need more help? Contact us. just add a comment on the bottom of the page.
The Basic Home information or sellers pack should cost, if you DIY it no more than around £260 or around £600 max for a commercial pack with the correct local searches.
If you are being quoted more than this tell us, and we will name and shame…
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Should the pack include a Home Condition Report?
A Home Condition Report is not compulsory and is in fact useless, as mortgage lenders will not accept the report as a survey, and will still require there own..
So do not waste money geting one.
The Council of Mortgage Lenders, having consulted their members, say that “The home condition report won’t be enough in order for people to get a mortgage, because they will be asking for an additional survey” -
The home condition report – a form of mini survey – was in part intended to help mortgage lenders undertake automated valuations, and thus eliminate the need for a physical inspection of the property.
But research by the Council of Mortgage Lenders shows that most lenders still expect to be carrying out their own inspections five years after the introduction of the packs on June 1st 2007.
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You can of course do it your self, by clicking here, >> Compile home information pack
The Guardian Reports, that to produce a DIY pack is going to cost at least £265.
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Please note. Ask to see the energy inspectors and home inspectors, Criminal record check or CRB form. If they refuse then close the door…
From The Sunday Telegraph One very nervous gentleman did exactly that, but a smile slowly spread across his face when he was assured that his criminal peccadillo would not prevent him “assessing” up to 10 houses a day.
“Looks like I’ll be fine,” he told me. “After all, we’ve all got skeletons in our closet, haven’t we?”
Kind regards
Pete Davies
Home information packs
