HIP- What do i do with it?

roxy84

Hiya, i received my hip pack today but what am i supposed to do with it? I've paid nearly £400 for a book ive no idea what to do with.
No one that had been to view our house has mentioned it, and no one is going to sit there for 10 minutes looking through it at a viewing.
Seems just a waste of paper to me

PasturesNew

When somebody really wants your place they will ask for it.
They will ask for it and read it before they put their offer in.

Well, that's the theory, but there are a lot of people out there quite happy to go offering amounts for houses without having a clue what might be wrong with it

chappers

throw it in the bin would be my advice.
No seriously give a copy to your estate agent and keep a copy on the off chance someone asks to see it.

chriserenity

roxy84 wrote: »

Hiya, i received my hip pack today but what am i supposed to do with it? I've paid nearly £400 for a book ive no idea what to do with.
No one that had been to view our house has mentioned it, and no one is going to sit there for 10 minutes looking through it at a viewing.
Seems just a waste of paper to me

Hi roxy,

Thats not what the pack is intended for. Its a solicitors product really.

Most of the documents in the HIP will be used as part of the conveyancing process by your buyer's solicitor so when you are at that stage make your electronic or hard copy HIP available to the solicitor (electronic saves on paper and many solicitors prefer it as its faster than post). He/she will then not have to order the documents at that point which should speed up the sale.

Also, I advise vendors who get their packs from us to give the hard copy to the buyer themselves. That way the pack stays with the house and the home use and contents forms can be used by the buyer when they come to sell as will any relevant certificates e.g. FENSA certs and cavity wall insulation certs.

Not all HIPs have the above docs in as quality/completeness varies from provider to provider.

chappers

chriserenity wrote: »

Hi roxy,

Thats not what the pack is intended for. Its a solicitors product really.

Most of the documents in the HIP will be used as part of the conveyancing process by your buyer's solicitor so when you are at that stage make your electronic or hard copy HIP available to the solicitor (electronic saves on paper and many solicitors prefer it as its faster than post). He/she will then not have to order the documents at that point which should speed up the sale.

Also, I advise vendors who get their packs from us to give the hard copy to the buyer themselves. That way the pack stays with the house and the home use and contents forms can be used by the buyer when they come to sell as will any relevant certificates e.g. FENSA certs and cavity wall insulation certs.

Not all HIPs have the above docs in as quality/completeness varies from provider to provider.

You are having a laugh no self respecting solicitor will take the word of anyone else as to the authenticity of the documents in a HIP.If i create my own HIP I could just make up any of the documents I wanted and stick them in there.

chriserenity

chappers wrote: »

You are having a laugh no self respecting solicitor will take the word of anyone else as to the authenticity of the documents in a HIP.If i create my own HIP I could just make up any of the documents I wanted and stick them in there.

With respect, what a load of nonesense!

No-ones taking anyones 'word' on how authentic a document is. I mean land registry documents come from the land registry and are the same whoever orders them. Energy performance certificate comes from an accredited Energy Assessor or Home Inspector who are completely impartial. Water search comes from the water authority. Again, same search whether I order it, you order it, the search agent orders it or the conveyancer orders it. Its the same! Authenticity of the search is visible in the HIP - insurance documents for one insuring all parties involved in the process INCLUDING the mortgage lender.

If you tried to write your own HIP from scratch you would be laughed at as a minimum and fined as a possibility, plus you would probably make the sale fall through as a result of your rather silly moneysaving attempt.

chappers

Well my Sisters solicitor wouldn't touch the documents in her vendors HIP and did his own search, a HIP is valid for a year from the date of compilation and things can quite easily change within that time.There is also nothing in law that says you cannot compile your own HIP the only document you can't source yourself is the piece of junk you produce, but as its stated in the law that this must be done by a "qualified" assessor, then you have to pay for it, but an EPC can be purchased for under £60.
There is no requirement for insurance documents to be included in the pack.
The legal requirements are that it has an index , an EPC, states the address ,tenure, any registration,and whether the porperty will be sold with vacant possession.Searches must be included for Land,local Authorities, and the water board.The registers for property, proprietorship and any charges on the property, together with the Title, if the property is leashold then a copy of the lease must be included and thats it. Doesn't seem like rocket science.
Obviously if I tried to just forge the documents I would expect to be fined, but my point is a solicitor wouldn't know if I had just made up the documents, he would be negligent to his client if he took the words of the HIP and it turned out later there were problems and the documents weren't the real deal.

country_sport

My partner and i supply HIPs to half a dozen agents in our area. Its certainly not rocket science, quite easy actually. No one except a buyers solicitor has,so far, even asked to see it. EPC inspectors are 10 a penny now. I would certainly recommend sellers having a go at doing the hip themselfs

Richard_Webster

With respect, what a load of nonesense!

No-ones taking anyones 'word' on how authentic a document is. I mean land registry documents come from the land registry and are the same whoever orders them. Energy performance certificate comes from an accredited Energy Assessor or Home Inspector who are completely impartial. Water search comes from the water authority. Again, same search whether I order it, you order it, the search agent orders it or the conveyancer orders it. Its the same! Authenticity of the search is visible in the HIP - insurance documents for one insuring all parties involved in the process INCLUDING the mortgage lender.

If you tried to write your own HIP from scratch you would be laughed at as a minimum and fined as a possibility, plus you would probably make the sale fall through as a result of your rather silly moneysaving attempt.

I agree. The reference to the insurance is that provided by the search provider to protect people relying on it if they have made a mistake.

Well my Sisters solicitor wouldn't touch the documents in her vendors HIP and did his own search, a HIP is valid for a year from the date of compilation and things can quite easily change within that time.

I'm acting for someone who is buying a property where there is HIP which was compiled in March 2007 when HIPS were being tried out in certain areas. My clients are not planning to complete their purchase until April 2008 by which time the search will be over a year old - so I have repeated the search. To me that's the only good reason for not accepting a search in a HIP.

If the search is perhaps 4-6 months old then validation insurance is available to protect a buyer against nasty entries that might have been put in after the date of the search but before completion. This is generally a lot cheaper than repeating the search and lasts for a year - hence the reason for repeating the search in the case I have just mentioned - but in a lot cases the search won't be that old.

chriserenity

country_sport wrote: »

My partner and i supply HIPs to half a dozen agents in our area. Its certainly not rocket science, quite easy actually. No one except a buyers solicitor has,so far, even asked to see it. EPC inspectors are 10 a penny now. I would certainly recommend sellers having a go at doing the hip themselfs

We have in the past performed EPCs for private sellers compiling their own HIPs so its good to see some vendors taking the initiative. I would agree that pack compilation isn't that hard for IT literate sellers who know what the HIP regs require and although it is possible to compile a HIP offline, non web-savvy sellers may will find it harder I think.

I've done quite a few EPCs now where I've asked for an email address to send material to but found the vendor has neither a computer nor an email address!