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/
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