Energy Performance Certificates

Thursday 20 May 2010

HIPs are History

Announcements made today by Eric Pickles have suspended the requirement for HIPs with immediate effect. This is welcome news for the Estate Agent community who have what they perceive as a roadblock removed from the sales process.

Sellers are also likely to not be unhappy about this as they saw the cost of HIP production as an un-needed cost.

For us industry professionals, who now need to re-group, at least the production of EPCs is still mandaded, within 28 days of commencement of marketing the property.

Time will tell how the market adjusts to this news, but it certainly makes for a more uncertain future than many of us would have liked.

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