Domestic Energy Assessors - Find a DEA also HIP's providers.

What will a HIP contain?
A HIP will comprise a set of documents, which will provide homebuyers with key information about the property that they intend to purchase, this will be paid for by the seller and will include:

·       Evidence of Title to the property

·       Replies to standard enquiries such as whether you are aware of any

·       Problems with the property (currently requested by buyer’s solicitor)

·       Copies of any planning, listed building & building regulations, consents and approvals

·       Copies of warranties & guarantees if property is newly built

·       Any guarantees for work that has been carried out on the property

·       A draft contract · Local Authority searches

·       A Home Condition Report (HCR)

·       A sale statement – a description of the property being sold.

How much will it cost?
The cost of the HIP will be the responsibility of the vendor (seller). Initial estimates are quoting a figure of around £600 + VAT for the average home. The Home condition report is expected to account for half of the total HIP cost, at approximately £300 + VAT.

How long is a HIP valid for?
There is currently no planned expiry date planned for an individual HIP.

What is the Home Condition Report (HCR)
A Home Condition Report will provide information, in layman’s terms, on the physical condition of a property, including its energy efficiency. It is important to note that the HCR will not quote a valuation of the property.

Who can provide HCRs and who will regulate?
Only qualified inspectors (certified in line with government requirements) will be able to prepare these reports.

Will the Home Condition Report (HCR) include a mortgage valuation acceptable to the lender?
Lenders will still be required to make their own valuations, but it is hoped that they will make use of the new HCR to improve their existing valuations and provide cost savings to borrowers.