PIQ

HIP Survey results heightens need to armour plate your PIQ

An Ipsos MORI survey commissioned by the Association of HIP Providers claim that sixty per cent of people polled find the Property Information Questionnaire useful to a buyer. This inference from this is that buyers are happy to rely on the information contained in the PIQ. The consumer survey also...

Has the HIP and PIQ combined to bring an end to Caveat Emptor ?

Next Monday, a new piece of legislation will creep onto the statute book. Largely unnoticed, but with huge implications for the UK’s beleaguered residential housing market, the mandatory Property Information Questionnaire to be included in a HIP will abolish the long-held principle of caveat...

How are leasehold HIPs different ?

Leasehold flats as with all residential properties including require a HIP before they can be marketed. The elements in the Leasehold HIP for flats include an a copy of the lease for your flat plus any Deeds of Variation and the completion of a Property Information Questionnaire (PIQ) . The PIQ,...

How Fridays’ PIQ addressed Mr Kay’s flying freehold problem

Having read about the potential pitfalls of completing a Property Information Questionnaire in the press such as the Daily Telegraph and Daily Mail, Mr K visited Fridaysmove website and completed our online assisted PIQ.  Mr K took advantage of the fact that Fridays’ PIQ is the only...

Property Information Questionnaire (PIQ) - Access way issues - Interference with a right of way ( recent Conveyancing problems

In the recent High Court case of Heslop v Bishton & others [2009] Mr Heslop constructed a gateway, the walls and pillars of which encroached onto a right of way. In order to use the right of way, those with the benefit of it (including Mr Bishton) had to walk on a small strip of Mr Heslop's...

Mortgage Lender’s tighten legal requirements for Conveyancing Lawyers

Since 1 January 2009, over 60 of the UK’s mortgage lenders have tightened their legal requirements for conveyancing lawyers .  The various changes are published by The Council of Mortgage Lenders (“CML”) via their website from which the CML Lenders’ Handbook can be...

The new 'Property Information Questionnaire' or 'PIQ' could leave vendors financially exposed

If you order a ‘Home Information Pack’ or ‘HIP’ on or after 6th April 2009 you will need to complete a 'Property Information Questionnaire’ or ‘PIQ’ as part of the HIP. It is now over a year since Home Information Packs (HIPs) were introduced as an...

What is a Property information questionnaire (PIQ) ?

As from 6 April all Home Information Packs will require a completed 'Property Information Questionnaire' or 'PIQ' The PIQ is designed to be completed by a property seller, and intended to provide simple and useful information about a property to help inform prospective buyers' decisions about...

Guidance notes on the Property Misdescriptions Act and the implications for the Property Information Questionnaire

Conveyancing Solicitors are sometimes asked about the effect of misdescriptions contained in property sale brochures, advertisements, or photos and videos seen on a web-site.

Estate agents take your PIQ – damned if you do, damned if you don't

  Property information questionnaire (PIQ)   The question most estate agents are asking themselves is “Do I help the seller complete the Property Information Questionnaire or do I leave it to the HIP provider, conveyancing lawyer or the  seller to complete it...

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