4 October 2007Almost four in five homeowners believe that home information packs (HIPS) do not represent good value for money, a new study from mortgage broker London & Country has revealed.
The research also revealed that 62 per cent of respondents did not think the information in a Hip would help them sell their UK property, with a similar proportion (55 per cent) saying that energy ratings had no influence on their own decisions to buy.
But 68 per cent did say that they were either quite or very likely to make the alterations advised by the Energy Performance Certificates (EPCs) that come alongside the pack.
London & Country has remained open to the idea of packs becoming fully accepted, saying that some problems could soon be resolved.
"It is still early days for the packs and the rules now cover around 60 per cent of the housing stock," clarified London & Country mortgage specialist James Cotton.
"As more and more people in a chain become familiar with both providing and using Hips, customer attitudes towards them should hopefully improve. We may also see some reduction in cost as they become more widespread," Mr Cotton added.
Last week the Association of Home Information Pack Providers (AHIPP) called on the government to extend the rollout of the packs to one and two-bed properties.
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