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Ive been reading this forum for ages,,,

puddy
puddy Posts: 12,709 Forumite
in House buying, renting & selling
but I still dont know the meaning of HPI and mew or mewing, I suspect that HIP means House Price Increases, but sometimes the way its put in the sentance doesnt make sense so Im not sure. I cant work out mewing though...
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  • loofer
    loofer Posts: 566
    Part of the Furniture 100 Posts Combo Breaker
    Forumite
    jenner wrote: »
    but I still dont know the meaning of HPI and mew or mewing, I suspect that HIP means House Price Increases, but sometimes the way its put in the sentance doesnt make sense so Im not sure. I cant work out mewing though...
    Someone correct me if I'm wrong...

    MEW = Mortgage Equity Withdrawal. It's when people have used the equity in their home (as a result of rising house price) to raise a loan against it. This money could be used for almost anything but the bitterness is surrounding people who 'chose' to borrow against the equity in their home to fund luxuries (new car/holiday etc).

    You may also come across STR, which is Sell To Rent. People who have sold their house and decided to rent instead. Mainly people who felt that prices would eventually drop so got out of the property maket quick and chose to rent. Any proceeds from the sale is locked away in savings/investments. They will probably buy when they feel the market is at the bottom.
  • Premier_2
    Premier_2 Posts: 15,141
    10,000 Posts Combo Breaker
    Forumite
    HPI could mean House Price Increase(s) or House Price Index

    HIP means Home Information Pack - a pack supplied when selling a house incorporating searches, energy report, etc.
    "Now to trolling as a concept. .... Personally, I've always found it a little sad that people choose to spend such a large proportion of their lives in this way but they do, and we have to deal with it." - MSE Forum Manager 6th July 2010
  • brit1234
    brit1234 Posts: 5,385 Forumite
    Or House Price Inflation
    :exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.

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  • poppysarah
    poppysarah Posts: 11,522 Forumite
    I'd got with house price inflation.
  • neverdespairgirl
    neverdespairgirl Posts: 16,501 Forumite
    jenner wrote: »
    but I still dont know the meaning of HPI and mew or mewing, I suspect that HIP means House Price Increases, but sometimes the way its put in the sentance doesnt make sense so Im not sure. I cant work out mewing though...

    HPI is usually "house price inflation"
    MEW is "mortgage equity withdrawal", or borrowing more than the original mortgage to pay off other debts / buy stuff / start a business
    HIP is the thing you now need when selling, which includes energy certificates and all that malarkey
    STR is "selling to rent"
    ...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.
  • puddy
    puddy Posts: 12,709 Forumite
    aha,, it all makes sense now. well i confess, i have mew'd loads of times, new windows, car, debts, returning to university. dont hate me......:p
  • tbs624
    tbs624 Posts: 10,816 Forumite
    We need a sticky up at the top with all the HBR&S board acronyms :smiley:
  • space_rider
    space_rider Posts: 1,741 Forumite
    I wondered what MEW meant!
  • ShimSham
    ShimSham Posts: 841 Forumite
    Thanks for the explanation. I must admit these acronyms have been baffling to me.
    Wins 2007 :Boots £125, XBOX 360 & 3 games 2008:5 David Gray CDs £10 DVD voucher 2 Crossed Bones DVD & chocolate Torch. Smackdown 2008 game Deck the Halls Scrubs S6 High School Musical 2 ESR PC game Sherrybaby Beauty Hamper The Break Up Shutter
  • NoDebtForMe_2
    NoDebtForMe_2 Posts: 146 Forumite
    lol I thought Mew was an involvement of a cat!:p ;)
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