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Author Topic: Hips scrapped  (Read 286 times)

kst

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Hips scrapped
« on: May 20, 2010, 01:35:58 PM »
Great new for anyone looking to sell their house . We are just about to sell and this will save us a good deal of money  xbow xbow xbow

http://news.bbc.co.uk/1/hi/business/10130254.stm
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The man with the flag

Hudson

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Re: Hips scrapped
« Reply #1 on: May 20, 2010, 01:39:54 PM »
Quote from: kst on May 20, 2010, 01:35:58 PM
Great new for anyone looking to sell their house . We are just about to sell and this will save us a good deal of money  xbow xbow xbow

http://news.bbc.co.uk/1/hi/business/10130254.stm

And sh*t for anyone who is looking to buy, especially FTB's.  xshake
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Silverado

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Re: Hips scrapped
« Reply #2 on: May 20, 2010, 03:29:05 PM »
Why? HIPs were such crap that banks/building societies were still insisting on surveys (at borrowers' expense) anyway.
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Rolling back the (50+) years...

Hudson

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Re: Hips scrapped
« Reply #3 on: May 20, 2010, 05:03:19 PM »
Quote from: Silverado on May 20, 2010, 03:29:05 PM
Why? HIPs were such crap that banks/building societies were still insisting on surveys (at borrowers' expense) anyway.

Not sure if this was directed at Kev or my response but what their saying is, sellers do not need to do it but buyers still have to. So If your selling, you still have to do one for the property your buying and of course, if your a first time buyer, thats £200 - 300 you have to find on top of the 30% deposit providing you can get a mortgage in the first place!
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