Why do I need a Home Information Pack?

• The current home buying and selling process is wasteful, fraught with delay and gives consumers a raw deal. The big problem is that buyers do not have access to key information when making their initial decisions.
• Soon buyers will be able to view a property, read the survey report and check important legal documents before making an offer. Buyers will then be able to negotiate with all the important facts that previously only became available later in the process.
• Sellers will be more confident that an offer will lead to completion without the worry of what the survey will bring up.
• Solicitors will have less work to do as the key information is available from the start and this should also reduce the time needed to completion.
• Home Information Packs will help make the process more affordable for first time buyers since they will receive all this information without having to pay for it.

The Home Information Pack will make the buying and selling process clearer by ensuring the key information is available from the beginning. From 1st August 2007 the law will require that anyone selling their home will need to provide a Home Information Pack to potential buyers.

What is to be included in a Home Information Pack?

A Freehold HIP will contain the following documents: