The government is under pressure to set up an independent
ombudsman with the power to order housebuilders to pay out up to £50,000 or
even reverse a sale, following reports of new-home buyers lumbered with
defective properties. A group of MPs and peers has called on the government to
make it mandatory for housebuilders to belong to the proposed scheme, which would
be free for consumers and offer a quick resolution to disputes. The scheme
would be funded by a levy on housebuilders, with larger ones such as Berkeley
Group, Persimmon, Barratt, Galliford Try, Redrow and Bovis Homes, paying more
than small and medium-sized firms. Read more on the Guardian website.
Why is the number of first-time US homebuyers at a generational low?
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Young Americans are holding off on buying a home, with the average age in
2024 being a record high of 38
A cornerstone of the American dream is drifting ...
2 hours ago
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