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CMS Home Information Pack (HIP) service for buyers
CMS HIP service for
buyers available from 1st August 2007
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Your HIP appraised and a written solicitor’s opinion
given for just £50 plus VAT for a freehold property
or £100 plus VAT for a leasehold property
- Proceed to buy the
property and the £50 / £100 fee already paid for the HIP appraisal will be
deducted from the total conveyancing fee. In this way if you buy the
property you will have lost nothing and will benefit from the very
competitive CMS conveyancing fees. If you decide not to buy the
property your legal fee for assessing the HIP is capped at £50 (freehold
property)
- You can ask the CMS
solicitor to assess as many HIPs as you wish, paying £50 plus VAT for each
freehold or £100 plus VAT for each leasehold. However, only one £50 /
£100 fee will be deducted from the final conveyancing bill. If you
request a solicitor to assess a HIP but do not proceed with the property the
£50 fee is not refundable
- You benefit from all the
CMS advantages for your conveyancing instruction including no completion no
legal fee and no hidden extras
To take advantage of the CMS HIP service for
buyers all you need to do is to obtain a conveyancing quote in the usual way,
i.e. by telephone or online. When you speak to our customer service advisor
simply advise them that you want the solicitor to assess a HIP for you. Our
advisor will instruct the solicitor on your behalf and you will pay the fee for
the assessment directly to the solicitor. The contract for the HIP assessment
will be between the solicitor and the buyer.
CMS will also be providing a free e mail helpline to
deal with any queries that buyers may have in relation to HIPs or the
conveyancing procedure.
For frequently asked
questions about HIPS - click here
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