We are hoping to sell our house to my wife’s cousin who is moving to the area to work. Is it true that we won’t need a HIP as we are selling to a member of the family?
A HIP is now required in the event of a property being offered for sale to the general public.
However, in the event of a privately-negotiated sale no HIP is required – whether or not this is a sale to a member of your family, provided it has not been marketed in any way.
Marketing includes a sign in your garden or window advising that the property is for sale. You will, however, still require an Energy Performance Certificate.
Should you have placed your property on the market only for a member of your family to end up buying it, then a HIP will be required as you cannot market your property without one.
* Emyr Pierce is Managing Partner of Emyr Pierce Solicitors in Rhiwbina, Cardiff, Western Mail Conveyancer of the Year, specialising in Domestic and Commercial Property. Contact www.emyrpierce.co.uk or email firstname.lastname@example.org