The new scheme, which goes live on March 1, works by rewarding HIP buyers with a cashback if they instruct Goldsmith Williams to undertake conveyancing work on their behalf.
Homeowners will initially be charged £199 for the purchase of a HIP, but will be given a £50 cashback if Goldsmith Williams is instructed to look after the conveyancing work relating to the sale of their existing property and an additional £50 cashback if Goldsmith Williams is also instructed to undertake the conveyancing work on the purchase of their next property. The cashbacks will both be provided on completion.
Eddie Goldsmith, senior partner at Goldsmith Williams, says: “Homeowners are understandably looking for ways to cut the cost of moving home and many see the cost of a HIP as an unwelcome burden at a time when their finances are already under considerable strain.
“We have listened carefully to feedback from brokers and have developed a scheme which enables homeowners to reduce the cost of a HIP to less than £100. By using GW Live, our online portal, brokers can also instruct conveyancing cases immediately and get real time case progression updates at any time to suit their clients.
“I have no doubt that this new scheme, when combined with our fast and reliable service, will be a welcome development for both homeowners and brokers.”