Worried about completing a PIQ

Collapse
X
  • Filter
  • Time
  • Show
Clear All
new posts

    Worried about completing a PIQ

    Hi
    I am about to put my two BTL flats on the market, things haven't worked out as planned. I have been told that I need to complete a Property Information Questionnaire as part bo the Home Information Pack. I have read a lot of press about it this week, some even advocating that completing a PIQ is tantamount to completing a Tax Return.

    My HIP supplier has sent me a paper PIQ to complete but I have noticed there is an online PIQ that claims to provide legal protection. Has anyone used this?

    http://www.fridaysmove.com/propertyi...questionnaire/

    #2
    All that a PIQ does is to supply information always previously supplied in the form of:
    a. replies to Enquiries before Contract; or
    b. the TransAction questionnaires promulgated by the Law Society's National Conveyancing Protocol.

    Legal protection therefore involves only the information supplier (= V) ensuring accuracy!
    JEFFREY SHAW, solicitor [and Topic Expert], Nether Edge Law*
    1. Public advice is believed accurate, but I accept no legal responsibility except to direct-paying private clients.
    2. Telephone advice: see http://www.landlordzone.co.uk/forums/showthread.php?t=34638.
    3. For paid advice about conveyancing/leaseholds/L&T, contact me* and become a private client.
    4. *- Contact info: click on my name (blue-highlight link).

    Comment


      #3
      If you are selling a portfolio of properties in one transaction, with no intention of selling the properties separately, there is a possibility that you do not need a HIP. This is how I understand it, but the area is sufficiently gray enough that I would need a pro's opinion.
      ASSUME NOTHING - QUESTION EVERYTHING!

      Comment

      Latest Activity

      Collapse

      Working...
      X