HIP providers offer deferred payment

HIPs are required by anyone selling a home with three bedrooms or more and usually a seller would have to pay for a HIP immediately even though their home might stay on the market for some time. HIP Payment services offers a 10 month deferred payment scheme for HIP provider and estate agents, allowing them to receive payment and allowing customers to pay once their property has been sold. Jeff Smith, chief executive of HIP Payment Services, explains: “The scheme allows consumers to ‘buy now pay later’, paying for their HIP after their sale has gone through, enabling agents to meet the dem...