The launch of this product has coincided with the negative BBC coverage over recent days regarding some estate agents in England and Wales breaking the law by marketing properties without ordering a Home Information Pack. The Law Society says in some cases HIPs are not available until weeks after the property goes on the market. It believes sellers are reluctant to pay for the pack when the housing market is slowing.
Promise believes that is why its ‘No Sale No Fee’ solution is even more attractive to nervous sellers and that advisers, estate agents and solicitors should comfort their clients by highlighting Promise’s solution.
The Promise Homepacks No Sale No Fee or ‘HIP Expenses Guarantee’ facility enables the consumer to order a HIP on day one using the Promise Homepacks deferred payment option, providing the consumer with a nine month period where there is no cost incurred to the consumer. At the end of this period if the property is still on the market, the HIP expenses guarantee will cover the cost of the HIP, the deferred payment fee and the expenses guarantee fee, making the HIP completely No Sale No Fee.
Darren Beech of Promise Homepacks commented: “The phones have been red hot with enquiries this week from sellers, estate agents and solicitors. As well as the No Sale No Fee option sellers are also attracted to the fact that we only charge £255 plus VAT for our standard HIP. The BBC said HIPs can cost up to £400 so sellers were relieved that the actual figure is much lower.”
