Home packs in doubt as prices slashed !

pioneer

Not looking good for potential inspectors .

http://www.thisismoney.co.uk/mortgages/article.html?in_article_id=422080&in_page_id=8&ct=5

ManAtHome

Sure I read somewhere that the fine for selling without a pack was £200 - not really encouraging people to pay over £300 are they?

lynzpower

its 200 PER DAY. ( or certainly was.)

I work in the industry and to say that the whole episode is a shambles is probably the biggest understatement ever.

nelly_2

lynzpower wrote: »

its 200 PER DAY. ( or certainly was.)

I work in the industry and to say that the whole episode is a shambles is probably the biggest understatement ever.

sinse when have the government introduced owt that wasnt a shambles?

wecanhelpu

Here is a great article about HIPs.

http://www.estateagencynews.co.uk/news/news-0707aa.asp

Written by, of all people...............



...an estate agent.

thesaint

I beleive that it isn't actually £200(fine) per day, but you can be prosecuted more than once, which could be daily I suppose, but I doubt that you will be.

Doozergirl

£99 is still expensive when you don't actually need one!

(yet, apparantly)

benood

I thought you were now allowed to delay getting a HIP until you agree a sale and even then the vendor and purchaser could agree to waive the requirement even on 4 bed places. I noticed that the LMS offer a refund on the reduced fees if packs don't happen - presumably they won't honour this pledge if they've gone into liquidation - highly likely if packs don't happen. What a mess.

schneckster

Maybe this will interest everyone.

If you have to get a HIP, why not get it on the cheap. Have a look at this and see what you think:

http://homeinformationpack.wordpress.com/diy-sellers-pack/

Schneckster

keeperbear

The whole thing is a complete shambles. I pity the poor people who trained as inspectors.

courtjester

As usual you can trust a journalist to put their own spin on the facts to make a story out of nothing.

The LMS £99+VAT pack is a pre-launch offer for the period that you *don't* need to buy a pack - it's a promotion designed to heighten awareness and improve their market share of agencies subscribing to their HIPS service. After 1 August, their price will go back to the standard rate of roughly £299+VAT.

And there is no prospect of LMS going into liquidation whatever happens to HIPS - they are one of the biggest networks of legal and surveying services to the industry and have been servicing the biggest lenders like Nationwide and Abbey for years.