Hips

From the 14th of December 2007 All Properties Require a HIP.

What is a HIP?
The aim of a HIP (Home Information Pack) is to make buying and selling a property simpler, quicker, less expensive & less stressful.

A HIP provides information about a property, up front and in an easy to follow format. Compiling the HIP will begin at the first point of marketing. It will contain information that used to be complied by a solicitor at the conveyancing stage of the house sale. The HIP will enable potential buyers to make an informed decision before they put in an offer.

For all properties requiring a HIP it must contain:

• An index – a list of all the documents included and any that are missing

• An Energy Performance Certificate (the seller must have their property certified by a licensed Energy Assessor. The certificate will provide a rating chart to show how energy efficient the building is and the likely energy costs of occupying the property) see diagram opposite

• A Sale Statement (basic information about the property)

• Evidence of Title (an up to date, official record of who owns the property)

• Local authority searches

• Drainage and water searches

• Leasehold properties must also provide documents relating to the lease

How will it affect me? If you want to get your property on the market and sold as soon as possible, without incurring unnecessary costs then it is vital that your HIP is prepared the right way. You cannot begin to market your property until a HIP is ordered, so speed and accuracy will have a direct impact on your sale.

You can trust R House  to deliver your HIP quickly and accurately because:

• Every pack goes through a quality checking process ensuring accuracy and compliance with the regulation.

• Our state of the art pack ordering system has been rigorously tested and is flexible to allow for everybody’s individual circumstances.

• Having the required documents available on time is vital so we have made sure we have the capacity and resources to make the whole process quick and stress free.

Even if you want to use a multi agency arrangement, you can rely on us to produce your HIP and we will then work with the other agents to make the pack available to them as soon as it is ready.

We want to market and sell your property for you – that’s what
we do best!

HIPs are a big change in property selling but we will help make it easy for you.

At the time of valuing your property, measuring it and taking photographs, we’ll talk you through the process of producing and paying for a HIP. Then we will:

• Immediately instruct a qualified Domestic Energy Assessor, who will visit you and conduct a survey for the Energy Performance Certificate.

• Compile the essential elements of the pack, including the energy rating graph

• Instruct the undertaking of the necessary local authority searches

• Once the whole HIP process is complete we will provide you with an email link to view your HIP and it can be viewed via our branch and website. Prospective buyers then have easy access to all the important information.

• Once you house is sold, electronically transfer the pack to your solicitor, for the fastest possible progress of your conveyancing

It’s not easy to tell HIP providers apart, especially when they all boast about what they have to offer. But LMS know that the one difference you’ll appreciate is that they make HIPs as simple and stress-free as possible. This is why we have chosen LMS as our preferred HIP provider and recommend them to you.

• Quick and simple instruction
  We will take your instruction and send it to LMS on your behalf.

• Easy ways to view and share HIPs
  LMS offer us a wide choice of easy ways to view and share HIPs. We will provide you with a link to a printable, saveable version of the HIP online and paper, CD or USB versions are also available to order. It’s your choice.

• LMS keep us updated
  LMS send us an email every day to let us know how your HIP is progressing and you can also track progress online at www.trackmyhip.com

• No hidden supplements
  Even HIPs for leasehold, commonhold or unregistered properties cost the same.

• No-stress customer payment
  You can choose how you prefer to pay. LMS accept debit or credit card for upfront payment and also offer a simple deferred payment scheme with no credit checks.

• Dedicated DEA resource
  Unlike many other HIP providers, LMS have a dedicated DEA resource from ERS (Energy Reports and Surveys Ltd), a wholly owned subsidiary of LMS, focused on carrying out our EPCs.

• Speedy service
  LMS’ highly automated systems mean searches are ordered within 7½ minutes of payment being agreed in 100% of cases. EPC appointments are also scheduled for booking within 7½ minutes of payment being agreed in 100% of cases. EPC reports are submitted on the same day as the DEA visit in 100% of cases.

• Optional conveyancing
  For even less hassle, LMS can arrange your conveyancing too.

Click Here to view an example of a Home Information Pack