Persimmon Launches Retention Scheme For Home Buyers

Persimmon is launching a ‘retention’ scheme for home buyers to protect them from construction problems. The scheme will see 1.5% of a home’s value withheld by the buyer’s solicitor until any build faults are resolved. The average amount withheld based on current selling prices will be around £3,600 per home. Persimmon lawyers are now drawing-up details of the new standard contract which is expected to be in place by the end of June. Read more on the Construction Enquirer website.

http://www.constructionenquirer.com/2019/03/21/persimmon-launches-retention-scheme-for-home-buyers/