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2008 What can you do to prepare for the recession? Can you protect your assets and your business? Will you be able to sell your property? Come to an informal seminar and learn more. You always have a choice - make sure you make the right one! Tenancy New rules for landlords and tenants regarding deposits details Anti Money Laundering Regulation New and more stringent rules to combat money laundering came into force on 15 December 2007. As a result professional advisers must ask more questions and in some cases require more information and documentation from clients before they can accept instructions to act or advise. We will need to ask for more information in connection with acting for companies, partnerships, trusts, other bodies of people (such as clubs) and anyone who is acting as agent for another person. We may also need to go through the identification and verification procedures for shareholders, directors, managers, partners, trustees, beneficiaries, club members, anyone acting under a power of attorney, a receiver, administrator or insolvency practitioner or anyone appointed as an agent or broker of any kind. In addition, the exemption under the old rules for existing clients from the procedures for identification and verification has been removed. As a matter of policy we operate the new rules in relation to all clients and all matters. All we ask is that you attend at our offices with •your passport or picture driving licence •an original council tax, gas or electricity bill addressed to you and dated within the last three months For Data Protection Act purposes, we must also advise you that we are required to retain this information for at least five years.
We offer a high quality and cost effective service and believe “It is better for you to know us and not need us than need us and not know us”. YOU CAN’T SELL A HOME WITHOUT ONE! 14 December 2007 marked the end of property selling as we had come to know it! The HIP Regulations from that date, cover all residential property that is marketed to the public. As with the previous commencement orders, ‘marketing’ is the key word - and studio flats are included with the words ‘fewer than three bedrooms (or none)’. Further amendments to the HIP Regulations have been made - Regulation 34 - the relaxation of the pack requirements for first day marketing has been extended by five months from 31 December 2007 to 31 May 2008; This means marketing can start once a pack is commissioned and a pack must be published when the EPC is issued. Note: The provisions of Regulation 16 will now apply where the FPM falls after 1 June 2008 so that where the EPC is not available before the first point of marketing a 14 day waiting period is required between the request for an EPC and the start of marketing. Leaseholds - A new concession has been made to the documents and information in the ‘required’ category. Until 1 June 2008 the only additional document required for a leasehold property pack is the Lease itself (for both existing and new leaseholds). The rest has been relegated temporarily to the authorised category.Regulation 33 of the principal regulations is not affected - property that is put on the market before the commencement order for that type of property and is actively marketed with a view to selling before the appropriate commencement order does not require a pack. Drop dead date - No announcement yet of the date when all property will require a HIP including those which are marketed without a pack under Regulation 33. So, property already on the market without a pack can remain on the market without a pack until sold or a further order is made. Exclusions - these remain the same - Not residential at time of sale; Not sold with vacant possession; New property constructed under regulation 17C of the 2000 Building Regulations until 6 April 2008; Property excepted by regulations 25 to 32 of the Home Information Pack (No 2) Regulations 2007 (the principal regulations). For all you want to know about Home Information Packs including FAQ's and Fact Sheets visit www.perpro.org or to sign up for "Introducing HIPs" seminars click 'contact us' button on left side of screen. So, take a few minutes to browse our site – to find the services available, and how to contact us. Sign up for our newsletter and for updates on topical matters that may be of interest to you.
YOU CAN’T SELL A HOME WITHOUT ONE! 14 December 2007 marked the end of property selling as we had come to know it! The HIP Regulations from that date, cover all residential property that is marketed to the public. As with the previous commencement orders, ‘marketing’ is the key word - and studio flats are included with the words ‘fewer than three bedrooms (or none)’. Further amendments to the HIP Regulations have been made - Regulation 34 - the relaxation of the pack requirements for first day marketing has been extended by five months from 31 December 2007 to 31 May 2008; This means marketing can start once a pack is commissioned and a pack must be published when the EPC is issued. Note: The provisions of Regulation 16 will now apply where the FPM falls after 1 June 2008 so that where the EPC is not available before the first point of marketing a 14 day waiting period is required between the request for an EPC and the start of marketing. Leaseholds - A new concession has been made to the documents and information in the ‘required’ category. Until 1 June 2008 the only additional document required for a leasehold property pack is the Lease itself (for both existing and new leaseholds). The rest has been relegated temporarily to the authorised category.Regulation 33 of the principal regulations is not affected - property that is put on the market before the commencement order for that type of property and is actively marketed with a view to selling before the appropriate commencement order does not require a pack. Drop dead date - No announcement yet of the date when all property will require a HIP including those which are marketed without a pack under Regulation 33. So, property already on the market without a pack can remain on the market without a pack until sold or a further order is made. Exclusions - these remain the same - Not residential at time of sale; Not sold with vacant possession; New property constructed under regulation 17C of the 2000 Building Regulations until 6 April 2008; Property excepted by regulations 25 to 32 of the Home Information Pack (No 2) Regulations 2007 (the principal regulations).
14 December 2007 marked the end of property selling as we had come to know it! The HIP Regulations from that date, cover all residential property that is marketed to the public. As with the previous commencement orders, ‘marketing’ is the key word - and studio flats are included with the words ‘fewer than three bedrooms (or none)’. Further amendments to the HIP Regulations have been made - Regulation 34 - the relaxation of the pack requirements for first day marketing has been extended by five months from 31 December 2007 to 31 May 2008; This means marketing can start once a pack is commissioned and a pack must be published when the EPC is issued. Note: The provisions of Regulation 16 will now apply where the FPM falls after 1 June 2008 so that where the EPC is not available before the first point of marketing a 14 day waiting period is required between the request for an EPC and the start of marketing. Leaseholds - A new concession has been made to the documents and information in the ‘required’ category. Until 1 June 2008 the only additional document required for a leasehold property pack is the Lease itself (for both existing and new leaseholds). The rest has been relegated temporarily to the authorised category.Regulation 33 of the principal regulations is not affected - property that is put on the market before the commencement order for that type of property and is actively marketed with a view to selling before the appropriate commencement order does not require a pack. Drop dead date - No announcement yet of the date when all property will require a HIP including those which are marketed without a pack under Regulation 33. So, property already on the market without a pack can remain on the market without a pack until sold or a further order is made. Exclusions - these remain the same - Not residential at time of sale; Not sold with vacant possession; New property constructed under regulation 17C of the 2000 Building Regulations until 6 April 2008; Property excepted by regulations 25 to 32 of the Home Information Pack (No 2) Regulations 2007 (the principal regulations).
Further amendments to the HIP Regulations have been made - Regulation 34 - the relaxation of the pack requirements for first day marketing has been extended by five months from 31 December 2007 to 31 May 2008;
This means marketing can start once a pack is commissioned and a pack must be published when the EPC is issued. Note: The provisions of Regulation 16 will now apply where the FPM falls after 1 June 2008 so that where the EPC is not available before the first point of marketing a 14 day waiting period is required between the request for an EPC and the start of marketing. Leaseholds - A new concession has been made to the documents and information in the ‘required’ category. Until 1 June 2008 the only additional document required for a leasehold property pack is the Lease itself (for both existing and new leaseholds). The rest has been relegated temporarily to the authorised category.Regulation 33 of the principal regulations is not affected - property that is put on the market before the commencement order for that type of property and is actively marketed with a view to selling before the appropriate commencement order does not require a pack.
Drop dead date - No announcement yet of the date when all property will require a HIP including those which are marketed without a pack under Regulation 33. So, property already on the market without a pack can remain on the market without a pack until sold or a further order is made. Exclusions - these remain the same - Not residential at time of sale; Not sold with vacant possession; New property constructed under regulation 17C of the 2000 Building Regulations until 6 April 2008; Property excepted by regulations 25 to 32 of the Home Information Pack (No 2) Regulations 2007 (the principal regulations).
For all you want to know about Home Information Packs including FAQ's and Fact Sheets visit www.perpro.org or to sign up for "Introducing HIPs" seminars click 'contact us' button on left side of screen.
So, take a few minutes to browse our site – to find the services available, and how to contact us. Sign up for our newsletter and for updates on topical matters that may be of interest to you.
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