UK Landlord Forum / Life

Has anyone had to get a HIP (home investment pack) yet?

QuoteLegal & General has said that while buyers may heed the advice contained within Energy Performance Certificates (EPCs), they will not be dissuaded from purchasing their home of choice if it scores poorly under the new system.

Link: http://news.hotproperty.co.uk/Buyers_not_put_off_by_poor_energy_ratings_18328044.html

The idea of them was to help buyers and make the whole process of buying/selling property easier and safer. But if people are ignoring them....what's the point of them?

To be honest the only way people where going to be put off would be a money thing, this was never going to be the case as you can bolt on cost to the asking price, its all pie in the sky, 500-600 pound to create ummmmm ok 2k on asking price !!!!!!!!!!!!!!!!!!!!!


Badge3yfti

For most people I imagine the energy performance of a house is a fairly minor concern, alongside popular schools, good transport network, crime rates etc. Over time these will probably become a factor in prices as the increased cost of heating fuel is compensated in slightly lower prices - but the market will still be strong for those properties ... there will always be people for whom energy efficiency is a luxury, and a slightly lower asking price will be the only price they can afford.


V