Promise Finance director Steve Walker said: “Promise Finance applauds the government’s efforts in recognising the danger that CO2 emissions pose for the planet. However, what they have failed to realise is that the HIPs legislation will contribute greatly to the problem.
“Currently only 20-30% of UK house buyers commission a survey, this will suddenly increase to 100% of sellers on 1June, an increase of more than a million surveys per annum, meaning many more surveyors in many more cars pumping out many tons more CO2. Put this together with at least one, eighty page document being printed for each HIP and you have created a substantial carbon footprint.
“That’s why we at Promise looked into the possibility of creating a green HIP and together with Climate Care have developed a way of offsetting some of the effects associated with the introduction of HIPs.”
Benefits include:
• Environmentally friendly home pack
• Unique branding
• Carbon neutral manufacturing process (via offsetting by FSP and the carbon neutral company)
• 100% recycled binding and packaging
• Extras include: advice pack, green action kit, energy saving vouchers
Promise has developed the option of an environmentally friendly ‘Homepack’ to help mortgage brokers, estate agents and others secure their own HIP solution ready for launch in June.
Promise Homepacks will be working closely with a number of lenders over the coming weeks to ensure the benefits of including a Home Condition Report (HCR) are maximised. By utilising the information within a HCR, lenders will be able to eliminate the need for a second ‘valuation’ survey in many of their applications, further reducing the impact on the carbon emissions from the industry.
