Blogs



Wed 26 May 2010

Mortgage Lending figures down for April

The Council of Mortgage Lenders (CML) reports that gross lending for April 2010 has declined. I wrote only last week in my blog that lenders and buyers could sigh in relief at the mortgage approval figures for March and the preceding nine months only to find myself writing quite the opposite today.

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Tue 25 May 2010

HIPs packs have gone – What does this mean for Home Sellers and Buyers?

As most people will have heard by now,   the controversial HIPs have now been suspended. You are therefore not required to have a HIPs pack when you put your property on the market. The EPC will remain though since it is part of European Union legislation. You must therefore commission an EPC when you market your property.

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Fri 21 May 2010

Is there going to be an alternative to the HIPs pack?

The coalition government have announced that HIPs packs are to be suspended from 21 May 2010. HIPs will therefore no longer be required when you market your property although you must still commission an EPC. EPC’s are required as part of EU regulations so even if the government wanted to abolish them along with the HIP they would have struggled to do so! 

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Thu 20 May 2010

Will the end of HIPs help the housing market ?

Let's talk politics !

The question :

What is the similarity between the UK electoral system and HIPs?

The answer :

Neither are perfect but there are no better alternatives !

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Thu 20 May 2010

Do I Need a HIP? The Answer is No, But..

From the 21st May 2010 you no longer need a HIP to market your property.  But, you do need an EPC (Energy Performance Certificate) - or at least you need to have 'commissioned' one and it needs to arrive within 28 days of you placing your property on the market.

Fridaysmove are now offering a Free EPC with Conveyancing and of course we will be aiming to sell the cheapest standalone EPC on the market.

If you are confused about HIPs, EPCs and indeed anything relating to selling your home, then call us free on 033 0660 0286.

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Thu 20 May 2010

Free EPC with Sale Conveyancing

Update: Fridaysmove no longer offer a free EPC with Conveyancing

Now that HIPs have been suspended, Fridaysmove will be providing EPCs (Energy Performance Certificates) at no cost to our Conveyancing customers.  So you will be able to market your property straight away if you instruct us for Conveyancing.  We will produce the EPC within 28 days of you ordering it.

Whatever you pay us for an EPC will be refunded once you complete on your Conveyancing matter.  In effect, this will be a free Energy Performance Certificate worth around £47.

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Thu 20 May 2010

28 Days to Produce an EPC

The Government has suspended the HIP (Home Information Pack) but an EPC will be required to be produced by the seller within 28 days of going on the market.

It's not yet clear how this will be enforced and there isn't an obvious existing regulatory mechanism.  The potential buyers could be encouraged to look for the EPC or at least the energy efficiency ratings on the Property Particulars.

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Wed 19 May 2010

If HIPs go, Conveyancing Prices will Surely Rise?

If HIPs are abolished or suspended soon, then it doesn't necessarily mean consumers will save any money.  The searches now done as part of the Home Information Pack will still need to be carried out (as part of Conveyancing) and it looks likely that the EPC will still be required.

So if you're holding on to save money on a HIP, well you probably won't save a penny!

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Wed 19 May 2010

Mortgages on the Increase – Further Signs that the Property Market is on the mend!

The Property market is showing further signs of improvements as the number of mortgage application approvals continued to increase over the last nine months. The figures for March show that mortgage approvals increased by 45% in March compared to the same time last year, say the Council of Mortgage Lenders (CML).   Approximately 45, 000 mortgages were lent for house purchases and the figures are up from the 36, 000 mortgages for the month of February.

 

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Mon 17 May 2010

Will HIPs be suspended This Week?

Rumour abounds that HIPs (Home Information Packs) will be suspended this week (ending 21st May 2010) when Parliament convenes.  See EAT source story.  If this is true 10, 000+ people will be looking for work overnight and the less-than-perfect Conveyancing process will again be thrown into the air! 

However there are no facts to back the rumour up.

True or Not, if you are unsure about buying a HIP this week you should buy one from Fridaysmove under our Unique HIP Abolition Money-back Guarantee!

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