SELL YOUR HOME QUICKLY
Say “no” to Home Information Packs with MPG
From 1 June 2007 everyone selling a residential property through an estate agent will be legally required to produce a Home Information Pack before putting the house on the market.
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As a cash-funded private investor, MPG does not require a Home Information Pack when purchasing homes. That means you can instantly save valuable time and money when selling your home to us. It’s all part of a service that we call the “no fee home sale solution” – a fast home sale that is fee-free and does not require an HIP.
From 1 June 2007, any UK resident wishing to sell their property through an estate agent will be legally required to produce a Home Information Pack (HIP) before putting their properties on the market. The pack includes compulsory documents such as guarantees for any maintenance work carried out, an Energy Performance Certificate, and various other forms. The bad news for prospective home sellers is that this Home Information Pack could cost you as much as £1 000!
The table below compares the ease of an MPG fast home sale to an arguably more intricate – an expensive – estate agent sale:
| MPG SALE | ESTATE AGENT SALE | |
| No HIP fees | Up to £1 000 | |
| Free legal fees | Average £1 000 + VAT for a quick sale | |
| Free value assessment | £400 + VAT | |
| No agent fee | Average 2.5% (£7 500 on a £250 000 property) | |
| No mortgage fees | Usually around £250 set up fee + brokerage costs |
NB – these figures are for illustrative purposes only and should not be used as an accurate guide.
As the home seller, it will be up to you to pay for this stack of documentation - yet another expense in a home sale process that could already cost thousands in estate agent fees, mortgage fees and solicitors’ fees. Without a Home Information Pack, you cannot sell your property through an estate agent.
When you sell a £200 000 property through an estate agent, you could be paying roughly £10 000 or more in fees, with no guarantee of the ultimate selling price of the property – or even whether you’ll actually get a buyer.
With MPG you pay nothing in fees – you get a quick cash sale in as little as 7 days, and you know exactly how much you’re getting, and when. Contact us on 0800 634 9231 and enjoy an affordable, fast home sale today!
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- Contact us now
