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Update of Hips for home buyers Update of Hips for home buyers

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Old 26-04-2010, 10:03 AM
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Join Date: Mar 2010
Location: sussex
Posts: 26
Default Update of Hips for home buyers
ERPS not HIPS to ease home-buying …

‘HIPs are history’ says Simply HIP’s www.simplyhip.co.uk managing director Ashley King, after declaring that HIPs were meant to deliver to consumers the ability to deliver a more informed decision, but never did.
From 9 November, Simply HIP are upgrading their HIP orders to something more fit for purpose – an Exchange Ready Pack (ERP), which has been specifically designed to help a buyer’s conveyancer proceed more quickly with the transaction once an offer has been accepted by including some, if not all, of the legal information required to prepare a ‘solicitor’s contract pack’ at the start of the process.

Just an update as HIPs are rumoured to finish soon...
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Old 27-04-2010, 09:15 AM
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Join Date: May 2009
Location: Tenterden, Kent
Posts: 279
Default Re: Update of Hips for home buyers
Why not include all the legal information needed? Otherwise, the pack cannot be "exchange ready"!
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This is based on my experience as a conveyancing solicitor in England, but I do not accept liability for information I give in this forum
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