HIPs Extended To All Homebuyers
26th November 2007
The Government has announced that the rollout of Home Information Packs (HIPs) and Energy Performance Certificates (EPCs) to the whole of the housing market will take place from 14 December this year, as the criteria set out for roll out on 11 June have now been met. Sixty per cent of the market is already covered by HIPs.
First time homebuyers will see their upfront costs drop and all home buyers will, for the first time, receive A-G green ratings for their properties which will help cut fuel bills and carbon emissions, with the roll out of (HIPs) and (EPCs).
Buyers whose homes score poor energy ratings of F or G (currently around one-fifth of all homes) will receive an offer of a discount or free help with energy efficiency measures from the Green Homes Service which will be established, helping to save hundreds of pounds off fuel bills, as announced by the Prime Minister this week.
House hunters will get detailed information about the energy efficiency of their home with a green rating of A-G, similar to consumer friendly fridge ratings, in an EPC.
The extension of HIPs to all properties will particularly benefit first time buyers through a reduction in their upfront costs by not having to pay for a pack, helping them in getting a foot on the housing ladder.
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