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Archive for 01/08/2007Home Information Packs01/08/2007 by info.
Home Information Packs (HIP’s) became legal for the sale of residential property in the UK today for properties with 4 or more bedrooms. However the good news is for vendors is that commerical property or property with mixed use is still exempt. So if you have an 8 bedroom property that you have been using as a Guest House, if you went to an estate agent and tried to sell it as a residential property you would need a HIP. If you went to a Business Transfer Agent, (and why wouldn’t you as you are selling a business) you wouldn’t need a HIP. The same applies if you wanted to sell a village shop with a four bedroom house attached, you still would not need a HIP.
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