10 March 09
It is becoming clear that after April 6th, one of the key issues determining whether a property may be marketed will be the return of the completed Property Information Questionnaire. These forms must be filled out by the seller and returned to the HIP provider before a property may be marketed.
Current legal position
It is apparent that some HIP providers are trying to convince sellers to pay for documents to be refreshed in HIPs that are a year old. However, searches and title information only need to be refreshed if a property is taken off the market a year after it was first marketed and then remarketed again.
The Partnership, a supplier of Home Information Packs, has produced a helpful summary sheet which summarises the current legal position and can be downloaded from; http://www.thepartnershiplimited.com
If you would like more information on Home Information Packs and the legal aspects of buying and selling your home, please contact Paul Cowdery on Tel: 01256 320 555.
