Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • MSE Callum
    • By MSE Callum 9th Apr 18, 3:44 PM
    • 335Posts
    • 122Thanks
    MSE Callum
    MSE News: Government announces new measures to clean up the house-buying market
    • #1
    • 9th Apr 18, 3:44 PM
    MSE News: Government announces new measures to clean up the house-buying market 9th Apr 18 at 3:44 PM
    Estate agents in England will be required to hold a professional qualification as part of new measures to clean up the house-buying market, the Government has announced...
    Read the full story:
    'Government announces new measures to clean up the house-buying market'

    Click reply below to discuss. If you havenít already, join the forum to reply.
    Last edited by MSE Luke; 10-04-2018 at 2:49 PM.
    Read the latest MSE News
    Flag up a news story: news@moneysavingexpert.com
    Get the Free MoneySavingExpert Money Tips E-mail
Page 2
    • davidmcn
    • By davidmcn 11th Apr 18, 5:30 PM
    • 8,548 Posts
    • 9,013 Thanks
    davidmcn
    I would suspect that the costs of payouts on this sort of insurance would be covered by the number of people taking the insurance out and not needing to claim as they have proceeded through to a successful completion.
    Originally posted by wantonnoodle
    Hmm, that sounds more like those whose paperwork is in order and who have no problem with their funding subsidising those who enter into their property transactions with a more cavalier attitude - and I suspect the expenses of running the insurance system would outweigh any benefits. Why not just rely on the parties being contractually obliged to compensate the other if they breach the contract? That's what we do in Scotland. No complicating things with deposits and so on.
    • googler
    • By googler 11th Apr 18, 8:14 PM
    • 14,827 Posts
    • 9,729 Thanks
    googler
    That was going to be part of the original HIPS, but the idea was dropped, partly because it was thought that buyers would likely mistrust any survey commissioned by the vendor, and would wish to carry out their own inspection.
    Originally posted by victoriavictorious
    ... yet it works fine with the Home Report system in Scotland .....
    • victoriavictorious
    • By victoriavictorious 11th Apr 18, 9:37 PM
    • 349 Posts
    • 529 Thanks
    victoriavictorious
    ... yet it works fine with the Home Report system in Scotland .....
    Originally posted by googler
    Yes, that's true, but it's far too sensible and logical to happen here.
    • Crashy Time
    • By Crashy Time 12th Apr 18, 10:33 AM
    • 6,523 Posts
    • 2,440 Thanks
    Crashy Time
    Less EA`s are needed now anyway.......


    http://www.bbc.co.uk/news/business-43724002
    • badmemory
    • By badmemory 13th Apr 18, 9:36 AM
    • 1,989 Posts
    • 2,751 Thanks
    badmemory
    Insurances are all very well but they don't stop something happening but only compensate you for when it does.

    A "full" survey done by a seller before it goes on the market would be a good idea & would prevent an EA from avoiding a buyer getting one just for the commission.

    No cert is going to stop a rogue EA from being a rogue EA! They are rogue as a matter of choice not lack of knowledge.
    • Surrey_EA
    • By Surrey_EA 13th Apr 18, 9:51 AM
    • 1,646 Posts
    • 2,192 Thanks
    Surrey_EA
    Less EA`s are needed now anyway.......


    http://www.bbc.co.uk/news/business-43724002
    Originally posted by Crashy Time
    Fewer....
    • googler
    • By googler 13th Apr 18, 11:01 AM
    • 14,827 Posts
    • 9,729 Thanks
    googler
    A "full" survey done by a seller before it goes on the market would be a good idea & would prevent an EA from avoiding a buyer getting one just for the commission.
    Originally posted by badmemory
    Scotland has a Home Report system, up and running since... 2010, I think.

    All E&W needs to do is copy it.
    • davidmcn
    • By davidmcn 13th Apr 18, 11:13 AM
    • 8,548 Posts
    • 9,013 Thanks
    davidmcn
    Scotland has a Home Report system, up and running since... 2010, I think.
    Originally posted by googler
    1 December 2008 (knew 2010 was wrong because I sold in 2009 with a HR!).
    • maisie cat
    • By maisie cat 13th Apr 18, 1:21 PM
    • 541 Posts
    • 647 Thanks
    maisie cat
    This can be worked out together with survey that is done by the seller before he/she put the house on the market - so potential buyer can see what is wrong with the house on the paper, before committing to buy , than you can have non-refundable deposit. Otherwise you might be buying potato without knowing.
    Originally posted by the_quick
    I think the sellers packs were a good idea, it would give a seller the opportunity to fix anything that came up & then show that it had been done. From the posts I've seen on this site that people do seem to freak out at survey results, especially first timers. The surveying profession won't like it though, how often do they get to do 2 or 3 surveys on the same house?
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

146Posts Today

1,579Users online

Martin's Twitter