<%
const title = "HIPs – my fees"
'feeds title tag & H2
%>
J M Harrison :: <% =replace(pCase(title), "–", "::") %>
<% =fSting("hips") & title %>
14 August 2008
Because this is all very new – and because the attitudes of buyers,
sellers and lenders haven’t settled down yet – I am not able
to offer a fixed fee for creating a HIP for a seller. For similar reasons,
I am not yet able to tell how your buying fee will be affected by the
seller’s HIP.
That said, some indicators are possible…
selling
On its own, an Energy Performance Certificate (EPC) would cost in the region of £150
+ VAT
The other elements of the HIP – which would previously have been
completed by the buyer’s solicitor – include (1) amounts
paid out for searches and (2) the cost of the preparer’s time
My fees start at £320 + VAT =
£<% =fDosh(fVGross(320)) %>.
This includes amounts paid out for searches
and the EPC. I will carefully assess the available information
and agree a fee with you
Although work on the HIP is carried out at the start of the process, I
am able to offer deferred payment: you will have nothing to pay for 6 months
or the completion of your sale (whichever comes first)
Leasehold HIPs will cost more than freehold by about £40 + VAT.
buying
Some commentators have said that the money you spend on the HIP for your your sale will be
saved on legal fees for your purchase. This looks unlikely:
The same searches and enquiries have to be carried out
Some of them might have to be carried out more than once (if lenders require it)
The Energy Performance Certificate is a new requirement
Though there are reasons why I might not be able to reduce my fee for buying with a HIP, it is
unlikely that I will have to increase it.
Full details of fees, terms of trade and the whole buying process are in a letter that I will send
if you contact me.