The Partnership - Peter Ambrose Podcast #21

So you wanna be a HIP Provider!

Submitted by: MikeC (Admin) on 13-Dec-07 02:07:16 AM

Peter Ambrose - Managing Director, The Partnership Limited - exposes some of the real-world nitty-gritty challenges - and pitfalls - currently encountered within the HIP provision business.

Peter reveals that 75% of the work involved is support-related and how a lack of knowledge surrounding the technicalities of actually compiling the HIP could seriously undermine those providing them... particularly the low-cost providers.

He has strong thoughts on how the HIP should be acceptable to Solicitors and not merely meet statutory minimum requirements, reminding how the HIP is supposed to complete the bulk of the work upfront, rather than later - A problem some Solicitors (acting for buyer's) are experiencing because of incomplete, or inadequate, documentation.

An interesting insight into the practicalities of providing a HIP service that DEAs should not miss if they are considering moving into this market.

Show-Notes

£150 HIPs - Are the margins enough to cope with volume?

Estate Agents weeding-out Incompetent DEAs.

Habitus Adminstrators: B&C Associates, Trafalgar House, Grenville Place, Mill Hill, London NW7 3SA. Tel 020 8906 7730

Read Peter's recent article, HIPS: the price of quality, in the RICS Safe as... Home Inspector Bulletin.

Hear the definitive CPD guide for your accreditation scheme. As told by your accreditation scheme: CPD Guide for DEAs.

Disclaimer: The views expressed in the DEA podcasts are those of the participants only and may not be factually correct. Advice should be sought before acting on any information or opinion expressed. Consider the content to be merely the streaming thoughts of the participants only. Permission to republish this podcast is permitted providing a link to this page is included.

Nasser Ahmadian
Posts: 3

EPC
Reply #1 on : Mon December 17, 2007, 13:52:56

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Recently I had email from energy assessors that from now on we will pay £45 for each EPC.I have refused doing work for them, to carry out EPC it takes at least one to one and half hour plus the travelling time and the cost of travell.Whom does EPC for £45 not doing the job properly and Organisation such as Energy Assessors are destroying HIP.There should be set payment for HI/DEA to carry out doing the job in professional manor with £45 it is impossible!!!

Richard Day
Posts: 3

Quality of HIPs and the role of the DEA
Reply #2 on : Mon December 17, 2007, 15:28:19

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An excellent podcast report on the quality requirements of a HIP and the role of DEAs. Also it is important to remember that HIPs are provided for the benefit of the Buyer's solicitors to help speed up the home buying process. A good HIP must therefore pay close attention to detail for it to become an acceptable package

Well done to Peter Ambrose for keeping the quality of this debate to the forefront since HIPs were rolled out on 14 December 2007.

peter lovell
Posts: 3

finances
Reply #3 on : Thu December 20, 2007, 10:26:19

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As if there arent enough difficulties in finding work and falling prices I am finding that 2 of the panels that have sent me work are prooving to be poor payers.
Calls not returned and the old "cheque in the post" story.
This busines could well be ruined if lazy, incompetent or financially weak panels continue to issue instructions that they are not willing to pay for.
No names mentioned for now, but I like others will be publishing full details of payment problems in the future. I have nothing to loose by doing this since business has been so poor.
What other professional service provider has had to put with the the kind of rubbish that we DEAs
have suffered this last 6 monthes

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