Call for new rules to be introduce to safeguard owners of new builds against defects
Think tank | March 06, 2019
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, new report says.