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HIP question?
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skysky69
Posts: 436 Forumite
I am sorry to be a pain again - is the HIP mine, or does it belong to the estate agent or a solicitor? I haven't sold my house yet, the HIP is being prepared but I am not sure I want to go with the estate agent's solicitor anymore. They seem to have some hidden fees e.g redeeming my mortgage £95.00 plus VAT :eek: Thinking I might stick with my normal solicitor who is slightly more expensive but no hidden fees. That got me thinking, is my HIP pack mine?
Official DFW Nerd Club - Member no. 607 - Proud To Be Dealing With My Debts :T
One day maybe I will be debt free
One day maybe I will be debt free
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Comments
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If the EA organised it then it could belong to the EA. I wouldn't put it past some using it as a ruse to keep you.
There really should be some reference to the HIP in the contract.Everything that is supposed to be in heaven is already here on earth.
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It may be related to the financing.
The agent might say that if the sale goes through then the HIP will be paid for out of his commission, or if there is a separate fee, then you only normally pay it then. Some of the deals require you to pay for the HIP if the house is not sold in say 6 months form its production and if you change estate agents.
You need to check the detail with the agent.RICHARD WEBSTER
As a retired conveyancing solicitor I believe the information given in the post to be useful assuming any properties concerned are in England/Wales but I accept no liability for it.0
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