A 'no sale, no fee' home information pack has been launched almost a year before the packs are due to come into force.
Hip provider Spring Move has challenged the industry to match it offering and states it will only charge homeowners trying to sell their property if a sale is agreed.
The offer will be open to homeowners buying Hips through estate agents and also those buying direct from Spring Move.
Critics of Hips have focused on the issue of homeowners having to pay twice for a pack if their house fails to sell before it needs to be updated, but Springmove believes it will be able to produce the packs quickly enough and remains confident the housing market is stable enough that such problems are being overstated.
Stephen Foden, chief executive of Spring Move, believes Hips will go a long way to reducing the stress involved in homebuying and selling. But he says people should not be forced to pay twice for a pack if their sale does not go through for reasons which will often be beyond their control.
Foden says: “We believe a ‘no sale no fee’ offer is simple fairness. The industry needs to work together to do all it can to make homebuying and selling easier and should not be seeking to profiteer. A ‘no sale, no fee’ offer helps to achieve that.”
Foden also claims his firm will be able give consumers the chance to exchange on a property only 24 hours after making an offer and that this is the main reason the company is able to make the ‘no sale, no fee‘ propostio work.
Spring Move claims a Hip us likely to cost around £400 now the government has dropped Home Condition Reports (Hcr) as a mandatory element of the packs.
But it says many home sellers will still want to include some parts of the Hcr and will be offer a ‘Hip-Plus’ pack which will include a building survey.
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