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October 3, 2007

Hips resulting in change of attitude

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by Kay Mitchell

Hips resulting in change of attitude

Following the controversy surrounding Home Information Packs (Hips), it has now been established that Hips are making more homeowners look to improve the energy efficiency of their homes.

The government is actively trying to reduce the effect of global warming and avoid climate change by reducing the UK’s carbon dioxide levels by 20% by 2010. Approximately 25% of all carbon dioxide emissions in the UK come from energy inefficient buildings.

It is anticipated that this could be reduced by almost 15% or by simple measures such as effective insulation and more efficient appliances such as long-life light bulbs.

The Energy Savings Trust estimates that homeowners will be able to save almost £300 a year bills just by following the proposals in the Energy Performance Certificate.

Mortgage broker, London & Country, has discovered that nearly 70% of homeowners are keen to make alterations to their property arising from the Energy Performance Certificates (EPCs) included in a Hip.

Furthermore, the Federation of Master Builders (FMB) has noted that the launch of Hips has resulted in a change in attitudes. FMB director of membership services, Robin Hood-Leeder, said that Hips are measuring how energy efficient the building is and when they come to sell the property, energy efficiency is going to become more of a concern in terms of value and the opportunities to improve its performance.


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