HIP’s being ignored by lenders?

Posted on August 23, 2007
Filed Under HIPs |

The Home Information Pack fiasco continues, with the speculation earlier in the week that UK mortgage lender HSBC is requiring house buyers to pay local authority checks as before, despite thesese checks being an integral part of HIP’s.

However a report on BBC news carried a statement from an HSBC spokesman clarifying the situation, stating that while they were supportive of HIP’s, they “have never accepted private searches rather than those from a solicitor. We just need to be sure that the customer’s solicitor will sign off the search so that it is covered by their personal indemnity insurance.”

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