How does deferred payment work?
The deferred payment option is designed to enable the seller of the property to order a HIP when they put the house on the market and pay for it on completion. The seller will not be charged anything upfront. The total HIP fee will be taken from their debit or credit card either on completion or nine months, whichever comes first. The charge for deferred payment currently stands at 12.5% with an added 30 surcharge.
Related Questions
- When I make a payment on my State Farm Variable Universal Life policy or my State Farm Variable Deferred Annuity using EBPP, when will that payment be credited to my policy or annuity?
- Can I sell my structured annuity by converting a lump sum deferred payment for cash now?
- Does the Club offer deferred payment of the Annual Dues or Wet Slips?
