Qualified advisers answering your
Financial Questions
call 0800 092 1245

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

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details