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PIQ and HIP will be required from April 6

A Property Information Questionnaire will be needed before a property can be placed on the market, in addition to a Home Information Pack.

The PIQ, which must be completed by the vendor, is meant to help potential buyers make a more informed decision on whether to make an offer.

I has been designed to bring to the front of the process important information such as a home’s Council Tax band, the access to the property and any structural changes, which may have been carried out.

Mike Ockenden, director general of AHIPP, says: “Providing simple, easy to understand, upfront information regarding a property will enable buyers to make a more informed decision, making them less likely to pull out later in the process.

“The PIQ will also raise consumer awareness and appetite for the HIP, as vendors completing the questionnaire are likely to request to see similarly completed forms for any properties they go on to view.

“The information required in the PIQ is already obtained from the seller in the present system, but much later in the sale process. There is nothing new, just different timing that makes total sense.”


The diary of Doobry Wotsit

I spent the weekend before last with my wife Deidre setting up an initial strategy for my insurance desk. With all the job losses at the moment it could be a winner for me.

AMI predicts broker market could shrink 50%

Speaking at the Abbey Key Accounts Conference in Sunningdale today, Chris Cummings, director general of the Association of Mortgage Intermediaries, says the number of mortgage brokers could drop to 15,000 by the end of 2009.

HML to manage Scarborough Mortgage Services

Scarborough Mortgage Services is to be managed by Homeloan Management following the merger of the Scarborough and Skipton building societies this week.

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Fit for Work: guidance for employers published

On Friday, the Department for Work and Pensions published its guidance for employers on using the new Fit for Work (FfW) service to help ill employees return to the workplace. It also includes more details on the tax exemption for medical interventions that commenced on 1 January 2015.


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