Thursday, 7 March 2019

Call For New Rules To Safeguard Owners Of New Builds Against Defects


People buying new-build homes should be able to hold back 5% of the purchase price until the house builder has fixed any problems or defects with the property, says a new report. Think tank, the Social Market Foundation, believes that new rules are needed to fix a broken and uncompetitive market for new build housing where builders can prioritise profits over customers and leaves buyers increasingly unhappy about quality and services. The report says that some house builders have a ‘culture’ of neglecting customers’ interests, and is calling on the Government to do more to boost consumer power and back new entrants to the market. Read more on the Propertywire website.

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