Home Information Packs (HIPs) Are Here!! But No Need To Worry, Hatched Have A Cost Effective And Speedy Solution From Just £245+VAT

ALL newly marketed homes now require a Homes Information pack

Home Information Packs, or HIP's, were introduced on 1st August 2007 when they were brought in for the sale of homes with 4 or more bedrooms.

It was then introduced for the sale of 3 bedroom homes from the 10th September 2007

And, it was introduced for the sale of 1 & 2 bedrooms homes from the 14th December 2007.

The only way you will avoid paying for a HIP at this stage, is if your property has been actively marketed before the various deadline dates outlined above.

A brief Guide to HIPs

A Home Information Pack is required for every newly marketed property. At this stage the HIP only has to have been ordered, for us to begin marketing the property.

The HIP will contain all sorts of information, including an energy performance report on your property and also searches relating to your property. Most of this information was required using the old system anyway. However, it was the buyer that paid for these elements after a sale had been agreed.

What Hatched Think About It

The idea is, that it will speed up transactions because all that will be outstanding is a mortgage offer. The are pluses and minuses for all parties with this new system. The biggest downside to sellers is going to be the cost, which would have normally been picked up by the purchaser during the conveyancing. However, we do believe that there will be fewer cancelled sales. The current system in England & Wales is one of the worst on the planet and this new system should lead to more sales going through to exchange of contracts and, in turn, less wasted money. However, we will reserve judgment until at least the first year has passed.

What Is The Hatched Solution?

There are many HIP providers out there, but we have scoured the market for a HIP that is competitively priced, but offers a speed and level of service that allows for marketing at the earliest opportunity. We have managed to negotiate a special rate of just £245+VAT up front or a deferred payment of £271.96+VAT with one of the leading online conveyancers. This is for Freehold and properties of any size. (Leasehold properties may incur an extra charge - please contact us for more information on this.)

The benefit to you is that as you will be purchasing it direct, you will own the HIP. We do not 'skim' off the top - it's yours, you can keep it and transfer it as you please. You are also not obliged in any way to use the conveyancers that provided the HIP, although they do offer a very good service, including a no sale, no fee service as well as getting access to your own online case tracking system - get a conveyancing quote for them here -

Get a quote now!

A Couple Of Things To Note

If you have a 4 bedroom property that has been on the market since before the 1st August 2007 or you have a 3 bedroom property that has been on the market since before 10th September 2007 or a 1/2 bed property on since before 14th December 2007, you can prove this, and it is still on the market, then you will be able to market your property with us, without having to purchase a new HIP. The date for ALL properties to have a HIP (regardless of when they were marketed from) has not yet been announced.

As mentioned above, at this current time, the government has said that the vendor only needs to show they have commissioned a HIP. Therefore, same day marketing is possible at the moment. This relaxation of the law will last until 31st December 2008.

For expert advice or to book in a HIP for your property, then call us today on 0845 678 0908

The Official Line, Courtesy Of The Government Website

"Buying and selling a property doesn´t always go according to plan. The reality is that 9 out of 10 people say they´re dissatisfied with the current process. Currently, one in four transactions collapse before contracts are exchanged and one million pounds a day is wasted, mainly due to transactions failing at a late stage. The Home Information Pack is a set of documents providing important information about a property such as searches, copies of the deeds and information regarding its energy efficiency

Currently, much of this essential information only comes to light when an offer has been made and accepted. In the meantime, buyers are negotiating in the dark and are often wasting money on legal fees and searches. Providing this information up front, at the time of marketing a property, will make the home buying and selling process more efficient and transparent." To see more information and a full time line of events, then click here - www.homeinformationpacks.gov.uk