Home Information Packs (HIPs) - all you need to know
Advertise your property through Foxtons or call 0800 369 8667 for more details
Frequently Asked Questions about HIPs
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What is a Home Information Pack (HIP)?
A Home Information Pack (HIP) is a collection of legally required documents relating to a property. Due to recent legislation, it is now a requirement to have ordered a HIP prior to marketing a residential property for sale.
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What are the benefits of a Foxtons HIP?
Foxtons offers its clients a high quality HIP service at an excellent price that will allow your property to be marketed immediately:
- £299 + VAT - one of the lowest prices available
- A dedicated HIP team who will take all the hassle out of arranging your HIP
- "A no strings attached policy" - once complete, the HIP is yours to keep. You do not need to use a particular conveyance company or sign a sole agency agreement.
- Peace of mind - the Foxtons HIP is fully compliant with the PCCB HIP Code, meaning you can rest assured that all the required documents will be included and the HIP will be acceptable to solicitors.
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What does a HIP contain?
- An Index of information contained within the pack
- A Statement of Sale containing basic information about the property
- Evidence of Title and a Title Plan
- An Energy Performance Certificate (EPC)
- Standard searches (inc local authority, land charge and water and drainage searches)
- A copy of the Lease (for leasehold properties only)
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What is an Energy Performance Certificate (EPC)?
An EPC provides an energy efficiency rating for a property from "A", representing the most energy efficient property to "G", representing the least energy efficient properties. It will also show the building's environmental impact by indicating its carbon dioxide emissions.
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How do I get a HIP?
It's simple! Instruct Foxtons to sell your property and we'll arrange everything else.
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Do I have to use Foxtons to get a HIP?
No. You are free to arrange your own HIP; however we would recommend that you use a reputable supplier, who is an accredited member of the PCCB HIP Code.
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What if I already own a valid HIP?
We will just need you to send a copy to our HIP team.
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How much does a HIP cost?
The cost of a full HIP typically ranges from £280 - £500 + VAT.
The Foxtons HIP is PCCB HIP Code compliant, includes everything required to market your property immediately and is competitively priced at £299 + VAT.
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Do all properties need a HIP?
The vast majority of properties will require a HIP, however there are a small number of exceptions:
- 4 bedroom properties marketed continuously from before the 1st August 2007
- 3 bedroom properties marketed continuously from before the 10th September 2007
- Studios, 1 and 2 bedroom properties marketed continuously from before the 14th December 2007
- Properties where there is no marketing (e.g. sale to member of your family)
- Non-residential properties
- Seasonal and holiday accommodation
- Mixed sales (e.g. shop with flat)
- Properties with land over five hectares, either woodland, for breeding animals or agricultural use
- Sales of portfolios of properties
- Properties not being sold with completely vacant possession
- Unsafe properties and properties to be demolished
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What is the PCCB HIP Code?
The Property Codes Compliance Board (PCCB) is a regulatory body established to maintain a register of firms committed to operating within their standards of practice and to independently monitor compliance with the Codes. The main aim of the PCCB HIP Code is to increase consumer protection for homebuyers, sellers, estate agents and conveyancers who rely on the information included within a HIP. As our HIP provider is a member of this Code you can rest assured that all information provided is of the highest standard and is in compliance with all their regulations.
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What happens next?
Once you have instructed Foxtons, we will place an order with our HIP provider, who will call you directly for payment and to arrange an EPC visit.
That's it - your property is now eligible for immediate marketing!
Once complete the HIP will be emailed to you - and most importantly will belong to you.
For more information on HIPs, or to find out how much your property is worth call 0800 369 8667.
* Terms and Conditions apply.
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