Idle Banter For non SV and non bike related chat (and the odd bit of humour - but if any post isn't suitable it'll get deleted real quick).![]() |
![]() |
|
Thread Tools |
![]() |
#21 | |
Member
Join Date: Nov 2005
Location: Hebden Bridge
Posts: 520
|
![]() Quote:
__________________
Formerly Blue K5 with added bits Then Triumph Sprint ST with scottoiler and R&Gs & TOR exhaust Now Benelli Tornado |
|
![]() |
![]() |
![]() |
#22 |
Guest
Posts: n/a
|
![]() |
![]() |
![]() |
#23 |
Noisy Git
Mega Poster
Join Date: Apr 2007
Location: Halifax/Leeds
Posts: 26,645
|
![]()
+1
__________________
Currently Ex Biker
Now rebuilding a 63' fishing trawler as a dive boat |
![]() |
![]() |
![]() |
#24 |
Guest
Posts: n/a
|
![]()
Thought I'd drag up this old thread - cos I have now done just over 100 HIPs since they were introduced. Not bad for such a small firm in a small town, but I get work from beyond Shrewsbury.
Let's see what changes they have brought. Bizarrely, they haven't really helped consumers at all. But they have helped lawyers, and I've found that I can compete very well with estate agent providers, and in most cases I can beat them on cost and timescales. Also the Government gets VAT - there wasn't any before - so speculate on the hidden reason for them. 1. I don't do them myself, I sub-contract them to a HIP company. They can do the work cheaper than I can, so I can make a profit. I never used to make anything on doing searches before. Great, more money for Ed ![]() 2. I've been able to maintain my fees on sales and to jack up my fees on purchases. Bizarre, cos having the HIP makes the deal less work. Great, more money for Ed ![]() 3. At the same time as ordering the HIP, I always ask people if they'd like me to do their conveyancing. Everyone says 'yes'. I don't charge a withdrawal fee, I think that's unethical, so I send all the forms and get them to complete it all and send it back. There's lots of form filling and most clients complain but that's not my fault, so many forms in fact that clients don't want to do them again, so I know that they won't walk. So much for introducing choice, it simply gives a way of getting people to sign up ![]() ![]() 3. They sit on my PC and nobody ever asks to look at them. Not one seller client has asked me to look at their HIP. If I paid ?350 for something, I'd want to see it. If clients want a deferred payment HIP, it's even more - ?399. One agent routinely asks me to email the HIP to them so that they have it on their file in case someone asks to look at it, but nobody has asked them. And even if they did, I wonder how they'd understand it. 4. Tescos do HIPs. It didn't surprise me to see that I am cheaper, both on HIPs and on conveyancing fees ![]() 5. Having a HIP definitely does speed up the process. But usually other things slow it down - now, it's delays in mortgage offers, or people getting cold feet and backing out. So overall it's not really any faster. 6. Generally, I think that they are a good thing. But only because I can make a profit on them, they haven't really addressed the fundamental problems. 7. Roll on June, when the transitional rules cease and everyone selling a property will need them ![]() |
![]() |
![]() |
#25 |
Guest
Posts: n/a
|
![]()
+1 to Northwind & +1 to Ed for the insider's scoop
![]() There was always something fundamentally bonkers about a house being surveyed multiple times by multiple potential buyers. Unfortunately obviously at the moment HIPs don't cover that, the original idea got watered down so much they became something of a joke, especially the whole "fit low energy lightbulbs" nonsense. Sure, it'd be nice to know if something moderately expensive like cavity wall insulation was done (not sure, do HIPs actually reliably indicate that?) but ?3 light bulbs, please. |
![]() |
![]() |
#26 |
Member
Mega Poster
Join Date: Mar 2005
Location: Llanwrtyd Wells Powys
Posts: 1,146
|
![]()
My parents just had a house hipped as a probate sale. Two girls turned up, didn't ask any questions, didn't look in loft. You guessed it - low energy light bulbs and solar heating reccomended.
|
![]() |
![]() |
![]() |
#27 |
Guest
Posts: n/a
|
![]()
Do you think there's room on the B Ark for HIPers?
![]() |
![]() |
![]() |
#28 |
Member
Mega Poster
Join Date: Mar 2004
Location: Not in Yorkshire. (Thank God)
Posts: 4,116
|
![]()
We are in the process of selling my brother in laws house.
The HIP cost more than the estate agents fee, and was only £50 cheaper than the solicitor's fees
__________________
Not Grumpy, opinionated. |
![]() |
![]() |
![]() |
#29 |
Noisy Git
Mega Poster
Join Date: Apr 2007
Location: Halifax/Leeds
Posts: 26,645
|
![]()
__________________
Currently Ex Biker
Now rebuilding a 63' fishing trawler as a dive boat |
![]() |
![]() |
![]() |
#30 |
Guest
Posts: n/a
|
![]() |
![]() |
![]() |
|
|
![]() |
||||
Thread | Thread Starter | Forum | Replies | Last Post |
Know when to pack it in and go home | the_lone_wolf | Idle Banter | 5 | 13-10-08 06:28 PM |
Home information packs - more pointless expence | tigersaw | Idle Banter | 11 | 14-07-07 05:06 PM |
Home Information Packs | Ed | Idle Banter | 41 | 24-05-07 09:25 PM |
For Your Information.... | Balddood | Idle Banter | 4 | 25-03-06 10:16 PM |