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Home information packs - How Much?
zkeithz
Posts: 30 Forumite
Advice now removed
Regards
Keith
Regards
Keith
0
Comments
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In Vince's (?) words "I'm quaking in my HiTops". Woo £200 compared to the average cost of a property of what is it £200,000? That'll reaallly put me off (NOT). Anyway, I'm sure someone will sell me indemnity insurance against getting caught.zkeithz wrote:.... In fact it will be illegal to market a property without one, the penalty for which will be £200......
And if it includes a HCR we won't know until someone puts a price on indemnity insurance for Licensed Home Inspectors (LHI). I see that the OP is a surveyor, could they give a guide price based on number of partners/size of business and premium that they pay? I have regularly asked this question and no-one has yet given a figure. I have serious doubts that any insurance company would touch LHIs for indemnity insurance given the differences in training between surveyors and LHIs.zkeithz wrote:How much do they cost? Nobody will confirm an actual cost as yet (Dec 2006), but many HIP providers are quoting between £300 to £1000 based on what are described as "average" or "standard" properties, whatever an average property is!
Even LHIs :eek: (that was below the belt BPzkeithz wrote:......How do you get one? Basically anyone can put one together.......
) A house isn't a home without a cat.
Those are my principles. If you don't like them, I have others.
I have writer's block - I can't begin to tell you about it.
You told me again you preferred handsome men but for me you would make an exception.
It's a recession when your neighbour loses his job; it's a depression when you lose yours.0 -
I have heard, though cannot confirm this, that the £200 penalty is £200 per day. Also will any lender be interested in providing a mortgage for a house without a HIP."Mrs. Pench, you've won the car contest, would you like a triumph spitfire or 3000 in cash?" He smiled.
Mrs. Pench took the money. "What will you do with it all? Not that it's any of my business," he giggled.
"I think I'll become an alcoholic," said Betty.0 -
Guy_Montag wrote:I have heard, though cannot confirm this, that the £200 penalty is £200 per day. Also will any lender be interested in providing a mortgage for a house without a HIP.
A HIP forms the basis of the agreement to buy/sell, hence no HIP, no mortgage, no legal representation!!
You will also be interested to know the 2004 Housing Act, under which the new rules are being made, impose further powers regarding the regulation and conduct of estate agents and can effectively stop them from trading if they do not conform.
Regards
Keith0 -
I didn't notice that they were replacing the standard form of selling contractzkeithz wrote:A HIP forms the basis of the agreement to buy/sell, hence no HIP, no mortgage, no legal representation!!.....
Plus you have already pointed out "anyone can put one together" so where's the problem? A house isn't a home without a cat.
Those are my principles. If you don't like them, I have others.
I have writer's block - I can't begin to tell you about it.
You told me again you preferred handsome men but for me you would make an exception.
It's a recession when your neighbour loses his job; it's a depression when you lose yours.0 -
looking at that website, came across this
"Once a Home Information Pack is produced, who has the responsibility for ‘policing’ the expiry dates, and re-producing the expired components? Also, at what point after sale agreed would any of the components have to be re-produced, e.g. if expired 1 week before sale completes?
None of the Home Information Pack components will have an expiry date. The main required item in the Home Information Pack that is time-sensitive is local searches."
Eh????? That reads to me as if they are saying none of the components of the pack will expire. Of course they frickin will!!!!!!0
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