Selling 2 residential properties in England

mchale

does anyone know if you need a HIP for each one, I seem to recall someone saying that if your are selling multiple properties at the same time you do not need a HIP for each one, is this correct???

googler

Portfolios of properties:

Duties do not apply where one or more residential properties are marketed for sale
together if the seller does not intend to accept a sale in isolation from the others, and it is clear from marketing materials that offers will only be accepted for the complete portfolio.

http://www.hipsco.co.uk/downloads/issue28.pdf

or, from the regulations themselves;

Exception for portfolios of properties
30.—(1) Subject to paragraph (2), the duties under sections 155 to 159 of the 2004 Act do not apply in relation to a property where—
(a) the dwelling-house which is or forms part of the property is to be sold with one or more other dwelling-houses;
(b) the other dwelling-houses mentioned in sub-paragraph (a)—
(i) are available for sale with vacant possession; and
(ii) are not dwelling-houses to which Part 5 of the 2004 Act applies by virtue of section 171(2) of that Act;
(c) at the time at which the first point of marketing would have occurred (were sections 155 to 159 of the 2004 Act to apply but for this regulation), the seller does not intend to accept an offer to buy any one of those dwelling-houses in isolation from another; and
(d) the seller’s intention not to accept such an offer is clear from the manner in which the dwelling-houses are marketed.
(2) Paragraph (1) does not apply where the other dwelling-houses mentioned in sub-paragraph (a) are ancillary to the dwelling-house.