What if the seller doesn know anything about the property – eg a lender selling a repossessed home?
In most cases the PIQ will be completed by a seller who owns and lives in the property being sold and should therefore have little difficulty in answering the questions in the form. However, there may be cases where the seller knows little about the property – a probate sale for example, or a lender selling a repossessed home. In these cases, it would be legitimate to answer “don’t know” to questions that could be difficult to answer within a reasonable timescale and without incurring disproportionate costs.
