‘HIP Replacement’ Options

‘HIP Replacement’ Options

Ronnie Park, Managing Director of OneSearch Direct, the largest local authority data search company in the UK, today issued the following statement following the recent RICS-commissioned report which calls for Home Reports.

“Estate agents are now covered by the Consumer Protection Regulations (CPRs), which replaces the Property Mis-descriptions Act as the key legislative framework for them to work within. This is presenting them with a much wider set of parameters to consider when listing a property for sale and principally in the area of non-declaration of material things which should be pointed out to prospective buyers at the point of sale. A recent court case led to an estate agent being sued by the trading standards officers for not disclosing that the property had a dis-used mine shaft in the garden grounds.

“Many estate agents tell us they miss HIPs from a pre-declaration point of view. E.g. having a boundary plan as shown on the Land Registry plan was a tremendous asset in solving any later arguments over this aspect. The problem with delays to completions due to late local searches in places like Leicester would not have happened during HIPs.

“Our point is that Home Reports as per the Scottish system would be good but the English have just got rid of HIPS and would be skeptical of their re-imposition so soon. There are possible solutions to putting in place more pre-sale diligence information such as local searches and land registry plans and OneSearch are looking at this market and in discussion with estate agents about ‘HIP Replacement‘ options.”

OneSearch Direct is the largest local authority data search company in the UK. Ronnie Park, Managing Director of OneSearch Direct, is also a founding Executive Member of CoPSO, the Council of Property Search Organisations.

For further information please visit: http://www.onesearchdirect.co.uk

OneSearch

http://onesearch.direct/

  OneSearch Direct are a leading property search company providing fast, accurate and quality assured search information to conveyancing solicitors and other property professionals. Established more than 20 years ago, we have a vast wealth of experience in processing and managing property search information and continually invest and adapt our services to suit the changing needs of our customers and the market place. We provide a complete solution for residential and commercial property searches, making it easier to order and manage every element of the search process required in a property transaction. Added to that, our searches are also backed with a fully comprehensive professional indemnity insurance of £10 Million for both residential and commercial, giving our customers complete confidence and peace of mind in our service. By employing state of the art IT infrastructure, we are able to streamline our processes, providing us with extensive volume capability and the ability to facilitate full electronic ordering and delivery of a broad range of property search reports including:

  • Local Searches
  • Land Registry Documents
  • Water & Drainage Searches – Personal & CON29DW
  • Remortgage Searches
  • Mining Reports
  • Environmental, Planning & Flood Reports
  • Chancel Repair Reports
  • Utility Searches Telecommunications and Transport Searches
  • Telecommunications Searches
  • Transport Searche
Although we use the latest technology, at the core of our service is a team of highly skilled people who are dedicated to personally managing your account, ensuring excellent customer service at all times. OneSearch Direct subscribe to the Search Code and are founder members of the Council of Property Search Organisation (COPSO), as well as being an Appointed Representative of Northcott Beaton Ltd, which is authorised and regulated by the Financial Services Authority (FSA). Contact: Elizabeth Jarvis Tel: 0800 052 0117 Email: info@onesearchdirect.co.uk Address 6th Floor Skypark SP1 8 Elliot Place Glasgow G3 8EP

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