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Properties That are Exempted For a Home Report

You must also aware that there are several exemptions when it comes to home report which include mixed sales, new housing, and converted houses. The exceptions are discussed below.

Properties That are Exempted For a Home Report

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http://myfirsthomeblog.com/ – Properties That are Exempted For a Home Report

  • New housing

This includes houses that are to be sold to the first person who will buy or perhaps to the first occupant. Any subsequent home sale is not exempted although there is a certificate from the National House-Building Council (NHBC).

  • Newly renovated premises

Properties that are newly converted into homes and not being used is exempted.

  •  ”Right to Buy” homes

Home selling under “right to buy” usually do not involve selling and home report is not needed here. There is a separate information applicable to purchasers under right to buy.

  • Residential Property Portfolio

This is exempted from a home report because this is considered as a commercial transaction. This includes homes like granny flat or perhaps butler’s cottage attached to a huge property.

  •  Dual Dwellings

These are properties used for residential and also non-residential like commercial studio in which the owner lives in the property.

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