What is a HIP?
As from 14th December 2007,
properties marketed for
sale in England and Wales will need a Home Information Pack (HIP).
A HIP includes an Energy Performance Certificate (EPC) (a
surveyor will need to access the property), containing advice on how
to cut carbon emissions and fuel bills. Also included are documents
such as an Index, sale statement, searches and evidence of title.
If your property is Leasehold it will also require a copy of the
lease.
What’s in a Fridays HIP?
Everything listed above prepared by London’s leading
property Lawyers. As Conveyancers, we are regulated by the Council
of Licensed Conveyancers in relation to the production of a HIPs.
We have not set up a separate company exempt from such rules as some
legal firms have, and accordingly remain subject to strict standards
of professional conduct and compliance in order to provide this
service to you. You may not be afforded such a level of protection
with a HIP obtained from another source.
What is so
radically different about a Fridays' HIP?
Fridays HIPs are prepared by qualified
conveyancing lawyers and have therefore been scrutinised by experts before you
have even found a buyer. This has significant benefits in revealing any
potential issues much earlier in the transaction potentially saving you time and
cost. What's more we have a unique approach that could save you the cost
of the HIP itself. For more information contact us on 0207 239 1368
We note we have to use your conveyancing services,
are your conveyancing fees inflated to cover the costs of the HIP?
Absolutely not!
Our average fee is £695 plus VAT plus
disbursements. We are not the cheapest but we have a reputation as
being London’s leading conveyancing firm on the basis of the speed
at which we act as well as the high levels of communication
achieved. You may indeed find a conveyancer prepared to charge you
£100 less but you need to ask yourself the question “at what cost?”.
We would say that the cost is an inferior service as well as the
cost of a HIP which is on average £400 inclusive of VAT.
When can I put my property on the market?
Immediately.
As soon as you have ordered your HIP
with Fridays you can proceed to market your property without
delay. You will receive confirmation that a HIP has been
commissioned, this can be forwarded to your estate agents as proof.
Will the HIP still be valid if we find a buyer six
months down the line?
Yes.
Furthermore should any of the HIP
documents expire Fridays will update them free of charge.
What if I am selling my property privately?
If you are marketing your
property, even if it’s just
by putting a ‘for sale’ sign in the window, you need a Pack. Sales
where no marketing takes place (e.g. to a member of the family)
won’t need a Pack.
What do I do next?
Providing we receive your
instructions before 5.00pm Monday
– Saturday, we will provide you and your
estate agent with a “Proof of Ordering certificate” for your HIP
the same day. This will enable you to immediately start the
marketing of your property.