Legal and General has said that, while buyers may heed the advice contained within the Energy Performance Certificate (EPC) component of Home Information Packs (HIPs), they will not be dissuaded from purchasing their home of choice if it scores poorly. A mandatory part of the controversial packs for properties with three or more bedrooms, EPCs rate a property based on its energy efficiency on a scale of A-G. The Department of Communities and Local Government recently said that most homes currently receive an E grade, but Legal and General has said that no seller is going to lose out as a result of this just yet. “The EPC makes homeowners more aware of how investment in energy-saving measures saves money in the long run and gradually this will translate into action,” commented Legal and General director of housing Stephen Smith.
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