HIP Order Extra Info

The Tenure of your property

• Freehold (Fee simple) is an estate in land in common law. It is the most common way real estate is owned in common law countries, and is ordinarily the most complete ownership interest that can be had in real property short of allodial title, which is often reserved for governments. Fee simple ownership represents absolute ownership of real property.
  £249 ex. vat
  £292.58 inc. vat
• Leasehold properties require a copy of the lease to be included in the HIP at an additional cost of £30 +VAT. Leasehold is a form of property tenure where one party buys the right to occupy land or a building for a given length of time. As lease is a legal estate, leasehold estate can be bought and sold on the open market and differs from a tenancy where a property is let on a periodic basis such as weekly or monthly. Until the end of the lease period (often measured in decades; a 99 year lease is quite common) the leaseholder has the right to remain in occupation as an assured tenant paying an agreed rent to the owner. Terms of the agreement are contained in a lease, which has elements of contract and property law intertwined.
  £279 ex. vat
  £327.83 inc. vat
  Commonhold properties require a copy of the commonhold agreement to be included in the HIP at an additional cost of £30 +VAT. Commonhold is a new system of property ownership in England and Wales. It was introduced in 2004 by the Commonhold and Leasehold Reform Act 2002 as an alternative to leasehold, and is the first new type of legal estate to be introduced in English law since 1925. It involves the freehold tenure of part of a multi-occupancy building (typically a flat) with shared ownership of and responsibility for common areas and services.
  £279 ex. vat
  £327.83 inc. vat

The Title of your property
In order to sell a property you must first be able to prove that you have the right to do so. In order to make this simpler, in 1977 the government introduced legislation making it compulsory to register the title any time a property is sold or any change is made to the ownership. As a rule of thumb, therefore, if your property was built before 1977 and ownership has not changed since 1977, then it is quite likely that it is unregistered.

• Registered Property (no extra charge)
  If a property is registered it means that it is held in a central repository at Her Majesty's land registry (HMLR). It means that if any changes are made to the title they must be notified. In addition the Land Registry will guarantee any title that they hold as being genuine. It also means that, if the property is registered, there are no deeds to speak of. You may have a nice musty pile of documents but chances are they are irrelevant or just copies of what is already held.
• Unregistered Property (additional £85 +VAT)
  If your property is currently unregistered then chances are there is a pile of musty yellow documents languishing in a solicitor's office or in your loft. Those documents need to be put into date order and sent to us so that an Epitome of Title can be prepared. This is a copy of every title document going back at least 15 years and is intended to prove that you have the right to sell the property. The 15-year period must show an unbroken chain of ownership or there is a chance that someone else may have rights and you have a defect in title. The Epitome will also contain copies of documents that contain any covenants or other matters that will affect its ownership. An epitome of title will cost an additional £85 +VAT, and please make sure that you use registered mail when posting your property deeds to us.

The Size of your property
Please indicate the size of your property. Obviously, the larger the property, the longer it takes for the Domestic Energy Assessor to survey it, which affects the cost of the Energy Performance Certificate.

• Up to 4 beds – no extra charge
• O 5+ beds – an additional £20
  

Delivery Options
The next step is to choose how you would like to receive your HIP. We can email it to you and/or your vendor/agent directly at no extra charge, although of course it will have to be printed at the other end at some point. Alternatively, we can print it for you for an additional £14.99 +VAT per copy including postage.

Payment Plans
All payments are made through Google Checkout and are totally secure.

• If you would prefer to pay up-front and get it out of the way, you can pay the total as it stands (see top right hand corner for current price and breakdown). Google will authorize your card as part of the ordering process, but your account will not be charged until we have reviewed and confirmed your order.
• Alternatively, if you would like to buy now and pay later, we offer 3 and 6-month deferred payment options. In these instances, your account will not be charged until the same (or nearest) date either three or six months after the date of order.
• 3-month deferment with an additional 5% charge on current total, or
• 6-month deferment with an additional 10% charge on current total
  
  

Payment
The final step is authorization for the payment of the cost of your home information pack as detailed in the top right hand corner and in accordance with the payment option of your choice. Your total payment inclusive of additional required documentation.
By clicking on ‘proceed to payment’ you will be redirected to Google checkout where you payment details will be checked and authorized. Thank you for choosing Optimum Energy Solutions.