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. A report, Better Redress for Home Buyers, by the all-party parliamentary group for excellence in the built environment, highlights the confusing landscape buyers face when trying to resolve building defects, not helped by a plethora of warranties, housebuilding codes and complaints procedures. It says the proposed ombudsman should be able to order payouts of … [Read more...] about MP back plan for ombudsman to resolve new homes disputes
New home warranty
Ad Feature PUBLISHED: 10:16 07 May 2018 | UPDATED: 10:26 07 May 2018 Consider the shared equity option to get on the property ladder, says Edward Parker, from Bennett Homes. Pic: www.gettyimages.co.uk Struggling to get on the property ladder? Have you considered shared equity? Edward Parker, from Bennett Homes, discusses. Edward Parker, Bennett Homes. Pic: www.bennett-homes.co.uk Recent reports have highlighted that fewer 25-34 year olds are able to afford to buy their own homes and as a result will be forced to rent long-term. But there are other ways to get on the property ladder. There are a number of reasons for this ‘rental generation’ as it has been termed, including high property prices, the difficulty in saving for a deposit whilst renting and not being able to secure an affordable mortgage deal. But it’s worth looking around at other options on offer which may help to make the move, such as equity share. So what does it mean? Purchasing your new home … [Read more...] about Have you considered shared equity to buy your first home?
Ad Feature PUBLISHED: 10:45 30 April 2018 | UPDATED: 12:03 30 April 2018 What legal points do you need to consider when buying a new home? Susan Ward, from Spire solicitors, advises. Pic: www.gettyimages.co.uk What do you need to consider legally when buying a new home? Susan Ward, from Spire solicitors, discusses. Susan Ward, Spire solicitors. Pic: Rob Ward Photography. Who are the developers? There are many different companies in the UK offering everything from affordable housing to luxury apartments. The choice might seem bewildering and so it is important to carry out some research to see which developer matches your requirements. Look online to see what other people are saying and visit the developer’s other sites to see the overall finish. What guarantees do they offer? The National House Building Council (NHBC) is the standard-setting body and leading warranty and insurance provider for new and newly converted homes in the UK. New home developers who are … [Read more...] about What you need to consider legally when buying a new home?
In the increasingly competitive housing market property buyers are choosing new-build homes, as they meet a range of priorities. These go well beyond the traditional focus on location, new research by the NHBC Foundation and Savills has shown.Beyond location, location, location: priorities of new-home buyers, a collaborative report produced by the two organisations, found that while location remains a key influencer, buyers of new-build homes also placed high importance on a series of other features.These include design of living space, off-street parking, a new home warranty, low maintenance and increased energy efficiency.Commenting on the report NHBC’s head of standards, innovation and research, Neil Smith, said: “The report shows that whether you’re a first-time buyer, relocator, downsizer or upsizer, buying a new home is about more than just location, location, location.“Buyers are becoming more discriminating and make complex choices based on a number of … [Read more...] about Property buyers are urged to choose right location for their home
Britain's houses have never been more cramped, with newly built properties offering the smallest living rooms since homes constructed before the Second World War, according to new research. Analysis by warranty provider LABC Warranty has found that the average living room is now 17.09sq m, which represents a drop of 1.64sq m in the past decade and a huge decrease on the peak average size of 24.89sq m in the 1970s.New living rooms have not been so small since the 1930s, when they were 16.01sq m, and bedrooms and kitchens have also shrunk.:: Record slump for housebuilding sector at start of 2018The average master bedroom is now 13.37sq m, which are the smallest on record in the last 80 years, and there are fewer bedooms overall, too.Homes built in the last seven years have had less than three bedrooms each on average, with new properties in all other decades since the 1930s having had at least that many.Kitchens have also got smaller, at an average size of 12.61sq m, which is way down … [Read more...] about Britain’s living rooms ‘smallest since the 1930s’ according to new analysis