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Andy Hall
 
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Default Home Information Packs good or bad?

On Sun, 05 Mar 2006 13:28:25 +0000, John Rumm
wrote:

wrote:

I wondered it mortgage lenders would offer to wrap the cost of getting
an HIP for the property you are selling into the money they are lending
you to get your next house? But then would that mean they'd add it to
the mortgage amount and charge interest to you for the next 15 years?


I am sure there wil be plenty of orgaisations that will gladly absorb
the cost of the HIP for you, and then have you pay for it several times
over later!

It would seem natural that estate agents might offer this as a service -
adding the (retail) price to their fee for you to pay out of the sale
proceeds. Assuming they have a cosy agreement with local surveyors or
one of the national conveyancing organisations (like movewithus etc)
then it is just an extra profit centre for them since they should be
able to negotiate a nice volume discount.


It could be interesting to do some research into who has been lobbying
for this.



--

..andy