News emerged today of how Tesco will be looking at offering as part of an online estate agency portal home information packs with an exchange ready enhancement. The news release commenting on the home information pack offering states: ‘iSold.com offers a prime package, combining the HIP and part of the conveyancing to speed up the sale process’.
Tesco has partnered with Spicerhaart to offer what is described as a “halfway house between a traditional high street estate agent and an online service’. The new service aimed at offering fixed price packages to include home information packs and ‘part’ conveyancing is aimed at those sellers who like to use the internet to sell their property and to have the tools available to manage viewings etc.
Customers can also organize their conveyancing, surveys, and mortgages through the system. The website isale.com will launch soon with Bristol nominated as the ‘launch’ site.
Hopefully now we see a major retailer come to the market with an offering that backs, promotes and recognizes the benefit of an enhanced HIP, Grant Shapps and the other ant-HIP lobbyists may start to warm to the idea of keeping and introducing reform on the back of the home information pack. The development must at the very least be seen as a vote of confidence in the benefits associated with the upfront delivery of legal information and documentation.
Yss, but David, this means HIP providers like you will receive even less of the action as people blindly walk into non-refundable HIP arrangements with Tesco.
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