Property Statistics and Charts

“Must-read” guide for new build buyers launched

Statistics and Reports

The HomeOwners Alliance, Britain’s only consumer group for homeowners, and King’s College London have today launched a guide for homebuyers looking to purchase a new build.

The 28-page guide “Buying a new home: your rights explained” is the first of its kind and will explain in clear language what the process of buying a new home is, the rights of buyers, how to complain when things go wrong, how to resolve disputes with developers, and how to claim  under the warranty. It covers a range of different scenarios, such as defects in new built blocks of flats, and the rights available to second buyers of a newly built home.

Its launch comes following Chancellor Philip Hammond’s commitment to building 300,000 new homes per year in last month’s Budget.

Philip Britton from The Centre for Construction Law at The Dickson Poon School of Law, King’s College London said: “We have produced this guide to help new homebuyers understand their rights. New homebuyers often find out that they have less protection than they thought. Buying a new home is a legal minefield, and it can be difficult for homebuyers to know where to turn. As part of our service to society, the School also offers the King’s Legal Clinic, a free service offering legal advice to the public.”

Paula Higgins, chief executive of the HomeOwners Alliance adds: “The new build sector is fraught with issues from complicated contracts and unfair leasehold agreements to poor quality work and restrictive covenants. Many buyers don’t know what their rights are. This guide will answer all of their questions in a clear and concise way and is a must-read for all new build buyers.”

Kim Vernau, CEO, BLP Insurance, says: “The complexity of the new build sales process requires clarification and transparency for the new home purchasers who are required to navigate it. This guide provides straightforward and practical advice to enable homebuyers to unravel a complex web of legal requirements. BLP fully endorse and support any such initiative to support homebuyers through the single most expensive purchase they will ever make.”

The guide can be downloaded from the HOA website here

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