Easier2move has extended its ‘no sale, no fee’ HIP offering. It allows customers to pay upfront, rather than the deferred option, and claim back the cost of their HIP if they do not sell their property within nine months.
The price of the ‘no sale, no fee’ HIP is £299.
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Comments
After 9 months on the market of my property I was informed that
463.84 would be taken out of my
account. As like most sellers
this is an enormous amount considering the H.I.P. personnel
only took 10 minutes which included parking of car and leaving. If I withdraw my property would like to know if this sum is returnable to me.
That sum would go some way in
redecoration, etc.
Mysalepack did a very similar product and look what happened to them, I also belive people are struggling to claim their money back.
Actually - on second look at this, this company are using misleading terms. They have already charged the fee - they are offering to give it back. Not sp much 'No Sale No HIP' - more 'No Sale Fee Back'. Wonder what the ASA/TSO would make of this... Also, John - good point! I never saw that one!
Carzy tactics i feel. I suspect this is because the finance companys are withdawing the buy now pay later service.
Since most of the Hips companies won't exist in 9 months time, claiming a refund might be a little tricky...
There will be both caveats & an insurance policy, so the business model is not suicidal, just unnatractive! The point of deferred and 'no sale-no fee' HIPs is that the vendor doesn't have to pay anything up front. The people who use it generally aren't in a position to do so, so having to pay up front & then getting it back later completely defeats the purpose
WOW - a business model based on suicide tactics! Surely there must be caveats galore to this ridiculous proposition?