Home Information Packs avoiding estate agents commission
Home Information Packs and Conveyancing Solicitors with no estate agents’ commissions.
Avoid the ‘hidden payments’ that estate agents add to the cost of the Home Information Pack or the conveyancing solicitor they recommend. Many estate agents are adding £100 to the cost of a Home Information Pack and they can earn the same by referring you to a solicitor. Reallymoving.com deals directly with the Home Information Pack provider, or the conveyancing solicitor. Our fees do not contain large referral commissions as you deal directly with the provider. This could save you the cost of a survey which in turn could save you hundreds or thousands of pounds in repair bills!
If you are in any doubt, have a look at this leading website where it is clear that YOU, the customer, is paying a referral fees to the estate agent. Avoid this by getting Home Information Pack quotes or conveyancing solicitor quotes directly from reallymoving.com.
The Solicitors Regulation Authority (the independent regulatory body of the Law Society of England and Wales.) permits solicitors to make agreements with their introducing sources for referral work. Such agreements must comply with a code, known as Rule 9 ‘Referrals of Business’ which contains strict rules to safeguard your interests as the customer. However such referrals must be made clear to the customer so that you have a full understanding of what you are paying for. If you chose to use the solicitor recommended by your estate agent, please ask for this to be detailed at the start of the process.
If you agreed to a HIP or conveyancing solicitor in the comfort of your own home, you are eligible for the Cooling Off period.
A cooling off period is defined as the period of time you are allowed after signing an agreement to cancel it without incurring a financial penalty. Assuming you signed the agreement anywhere other than on the premises of the trader or creditor; and you discussed the credit face-to-face with the trader or creditor before you signed the agreement then you may cancel the agreement within a specified period (usually 7 days, but check for clarification on this). More details are available on the Business Link website.