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House buyers plan to use HIPs to drive a hard bargain

Home Information Packs have become the latest handy weapon for house buyers looking to knock thousands of pounds off asking prices.

According to a survey of 1,557 people by Hyder Consulting Environment and Home Survey, nearly half of all buyers said that they are ready to use the energy report in the HIP to demand a discount on the asking price. And 14 per cent of those surveyed said a poor energy report would make them think twice about buying in the first place.

From yesterday, all homeowners selling their property will need a HIP, paying up to £600. The packs, which include some local searches and an energy efficiency rating, were first made a requirement for homes with four or more bedrooms in August and extended to three-bedroom properties in October.