HIPS Are these company's ok?

Japtastic

Just did a quick Google search and came up with these two company's, is there anything I should look out for in particular?

They are both around the same price at £210 ish Leasehold

Need it done ASAP

http://www.myhiphome.co.uk
http://www.hips4u.com

Richard_Webster

Problem is that unless you know a lot about these things you probably wouldn't spot a mistake if they made one.

In very general terms it must be more likely that a cheap company could make a mistake because they might not understand some technicality. However, a lot of the time it won't make much difference in the real world, because the buyer won't understand it either!

david29dpo

As said above, be careful of the cheap packs. would you buy the cheapest washing machine? Ask your local solicitor.

Japtastic

Thanks for the info, does the member of the HIP code mean anything or is it something they have made up on hips4u.com?

david29dpo

Basically like any code. They have insurance if they get it wrong.

sarah_elton

I got my leasehold one from hips4u.com and my solicitor and buyer are happy with it.

We've said on here before that if you have an unusual property (share of freehold, odd freehold to leasehold conversation etc) it might be better to use your solicitor. But if, like me, you have a bog standard purpose built flat, they seem fine. And mine was £300 less than the EA wanted. :eek:

Mapson_2

If it's any help I'm currently selling my property and used my solicitor to organise/produce a 'portable' HIPs; they appear to have used Quidos.

herry

It is fair to say that the Royal Institution of Chartered Surveyors (RICS) and the National Association of Estate Agents (NAEA) have never been the greatest admirers of Home Information Pack legislation.
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Japtastic

Thanks for responses, I've ordered through hips4u, they sound like they not what they are talking about, answered all my questions with the hard sell that you would expect, they have won an award as well, I'll let you know how it goes.

sarah_elton

herry wrote: »

It is fair to say that the Royal Institution of Chartered Surveyors (RICS) and the National Association of Estate Agents (NAEA) have never been the greatest admirers of Home Information Pack legislation.

The original drafts of the legislation had HIPS containing much more information, and it got scaled down and scaled down before it passed. In their original form, they would have been useful. In their current form, they're pretty much a waste of time. Still, has to be done so my view was go with the cheapest since my property is straightforward.

nansenst

HIPS dont contain anything that helps with the legal process as the buyers solicitor will still do the searches again. The rest will be confirmed in the buyers survey of your house. I recommend you spend as little as possible on a HIP and keep your money for doing the searches when you buy the next house. The HIP has not helped us one bit on the sale of our house, and has only told us what to expect in the survey and searches of the next house. We would have made an offer on the next house without a HIP and would have had all the same info (and more) through the normal house buying process.