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Finance and HPI Checks

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Joined: 15 Jan 2005
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PostPosted: 17:17 - 14 Sep 2008    Post subject: Finance and HPI Checks Reply with quote

Hello chaps,

Does anyone know how long it takes before an HPI Check would show as no finance owing after the payment has been made?

For example, say the remaining finance is paid off on Monday will it show up clear on the HPI then next day, next week etc?

If it makes any difference the finance is with Clydesdale Bank.

Cheers.
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plugger147
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PostPosted: 18:46 - 14 Sep 2008    Post subject: Reply with quote

Not to sure how long it takes to show on the report for but when we used to take in part ex's at work we could phone the finance company and check it'd been paid off and have them fax proof before continuing with the deal.
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PostPosted: 19:07 - 14 Sep 2008    Post subject: Reply with quote

plugger147 wrote:
Not to sure how long it takes to show on the report for but when we used to take in part ex's at work we could phone the finance company and check it'd been paid off and have them fax proof before continuing with the deal.


So can anyone check with the company? Is it a case of phoning the company with the reg and asking?

I'm sure the bloke is legit but you can never be too careful.
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plugger147
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PostPosted: 19:14 - 14 Sep 2008    Post subject: Reply with quote

I would've thought so, the owner would be present and if I remember rightly they had to give there permission for the finance company to give the info to you. The owner should have a letter within 5-7 days confirming that the finance has been paid also.
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PostPosted: 19:15 - 14 Sep 2008    Post subject: Reply with quote

plugger147 wrote:
I would've thought so, the owner would be present and if I remember rightly they had to give there permission for the finance company to give the info to you. The owner should have a letter within 5-7 days confirming that the finance has been paid also.


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