Buyers Find Fault With UK New Builds
A survey by the Office of Fair Trading (OFT) has blown wide open the subject of new house builds in the UK and the general state of the market. While nobody would expect a new build to be perfect from day one, it seems as though 70% of those buying new homes have encountered problems which needed addressing by the original builders. The problems seem to vary, including decorating work, windows, plastering, appliances not working, etc.
However, on a more alarming note it was also found that 20% of those questioned found between 11 and 20 different problems, with 5% finding over 50 problems with their supposed perfect new build. There is also a warning for those who are looking at new builds as a way of jumping the property chain system in the UK – it does not always go to plan!
Many of those buyers whose move in date was delayed said that they experienced major expenses trying to find alternative accommodation, storage of furniture, etc. It seems that even when there is no chain of buyers and sellers, the price of a house move can move higher and the completion dates are just as likely to change.
Share this..
Related stories
It's just a jump to the left, let's do the Labour time warp again!
The first day of the Labour Party conference in Manchester saw the re-emergence of Old Labour from the ashes of New Labour. The phoenix has risen from the ashes and we now seem to be dancing the 'Time Warp' at the Labour Party shindig!
'It just a jump to the left' as Alistair Darling attacks the so called fat cats of the City, the movers and shakers who were the friends of New Labo...
Newlyweds in debt for 'Posh' ceremonies
As a result of attempting to get hitched in the style of celebrity couples such as Posh and Becks, newlyweds are finding it increasingly difficult to pay back debts once the honeymoon is over.According to research by The Debt Advisor the number of newlyweds who visit debt counsellors has doubled since last year with the average wedding costing £18,000.A fifth of these extravagant weddings are pai...
Read MoreNumber of businesses going under continues to rise
It has been revealed that there has been significant rise in corporate insolvencies in the last quarter of 2008 as the UK recession continues to bite. In total there were 2,428 corporate insolvencies in the final quarter of 2008 which was a rise of 220% on the same period in 2007. However, this was not the end of the bad news with regards to bankruptcies and financial problems.
Duri...
Adam Posen calls for new quantitative easing programme
Adam Posen, a member of the powerful MPC, has today come out with a keynote speech suggesting that the Bank of England needs to inject further capital into the UK economy sooner rather than later. He believes that now is the time to reintroduce the quantitative easing programme which has already swallowed up £200 billion although a statement on the additional investment potentially required has n...
Read MoreAre you missing out on a £140 winter fuel bill discount?
10/09/2014 Thousands of pensioners and people on low incomes are missing out on a £140 winter fuel bill discount to help with their bills. Home heat helpline, a helpline for people who are worried about their energy bills and keeping warm during the winter, have advised that eligible customers are not coming forward to claim their one off payment of £140 to help with their winter gas bill...
Read More