Blogs



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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Fri 14 May 2010

Increase in House Prices but First Time Buyers Continue to Struggle

 

The official Government’s measure shows that overall house prices have risen by 0. 7 per cent in March which means they have increased over five consecutive months.

 

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Thu 13 May 2010

Grant Shapps gets Housing!

Grant Shapps MP has been appointed as the Housing Minister in the Coalition Government.  Read more on PublicPropertyUK.  As the Conservative Shadow Housing Minister he often vocalised his opposition to the Home Information Pack (HIPs) and is expected to bring forward the legislation required to abolish HIPs in this Parliament or soon after.

What he does with the EPC is anyone's guess, but it is going to be retained by the Government.  So will it still be mandatory, and if so isn't it just HIP Light!?

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Thu 13 May 2010

HIP to RIP ?

With the new coalition beginning to find its sea legs, the future of the Home Information Pack is looking increasingly bleak.   Though the government has several major issues to focus on, it appears that a Tory promise will be firmly fulfilled in this area.

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Wed 12 May 2010

Things are looking up for Borrowers in the Property Market

The 2009 Annual Report for the Council of Mortgage Lenders (CML) was published last week. It signals hope for lenders and borrowers in the current climate. On the back of the elections and the disarray the election results caused, this is indeed welcome news. The report says that although the property market is still a bit rocky things are improving.

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Government Announce End of HIPs. EPC to Stay!

Wed 12 May 2010

Government Announce End of HIPs. EPC to Stay!

The new Conservative Liberal Democrat Coalition Government has announced their intention to abolish the HIP.  The Coalition Agreement released 12th May 2010, simply states in section 11 (interestingly the Environment section); 

The parties agree to implement a full programme of measures to fulfil our joint ambitions for a low carbon and eco-friendly economy, including: 

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