The integrated scheme will enable HIP Providers, Estate Agents and Solicitors to offer property vendors the opportunity to pay for a HIP, once the sale of their property has been completed.
Close Brothers, trading as Close Payment Services, has fully integrated its HIP Funding scheme with the Quest Q-HIP technology, meaning any HIP Provider, Estate Agent or Solicitor using the online system can instantly apply for deferred funding seamlessly. Through Q-HIP, an application can be quickly processed online.
Property professionals receive unlimited upfront funding so benefit from guaranteed payments; no customer credit checks take place ensuring everyone can benefit from the scheme; and, with non regulated funding, a Consumer Credit License is not required.
In addition, the HIP Funding scheme can be fully tailored to each individual HIP Provider’s requirements, enabling them to deliver a financial package that fits with their offering.
Comments John Taylor, director, Close Brothers: “By partnering with Quest, we aim to remove the financial headache out of Home Information Packs for property vendors, by enabling HIP Providers and Estate Agents to offer greater funding options to customers. This means they can concentrate on their home sale and not worry about cash flow.
"Also, the 1800 HIP providers and estate agents already using the Q-HIP tool can seamlessly connect to the loan processing system to complete the order there and then, while the customer is in their office.”
