From 14th December 2007 all properties (regardless of bedrooms) needed a Home Information Pack in order for it to be placed on the market for sale. This applies to both freehold and leasehold properties but the required information criteria is different. The 'Pack' includes an Energy Performance Certificate, containing advice on how to cut carbon emissions and fuel bills. Also included are documents such as a sale statement, searches and evidence of title and in the cased of leasehold properties, a copy of the lease and management information. Whilst this may sound daunting, it is the Government's intention to speed up the buying and selling process, reduce the number of transactions that fall through and that will ultimately save a huge amount of wasted expenditure on legal and other fees - not to mention a global reduction in client's blood pressure when things previously went wrong! |
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