Restrictive Covenants
Restrictive covenants - If you happen across a restrictive covenant in a contract, what is it and why is it in place?..link
Government to introduce New Homes Ombudsman.
In a drive to improve the quality of new builds and to give greater consumer protection for buyers the Government has announced that it will be creating an Ombudsman to protect the rights of buyers of new homes and giving them powers to take builders to task when things go wrong.
A recent report has shown that 9 out of 10 buyers of new homes said they had experienced problems when buying a new home.
Whilst most builders do fix the problems, homeowners are often left without a time frame of when the fixes will be made.
It is planned that legislation will require all new home developers to belong to the Ombudsman scheme, to ensure that every measure is taken so that a buyer of a new home receives the quality of build and finish they expect.
The Government will be working with all parties to draw up a set of proposals, which is a strange announcement considering that the consultation closed in April of this year and they should have all the information they need.
Under the original statements from politicians, thoughts were that the Ombudsman would cover all housing matters, new homes, social housing, private sales, and lettings but that does not seem to be the case.
The announcement has been met with some cynicism feeling that it should have been done some time ago also an Ombudsman can often have little or no enforcement powers; my view is that at least it is now on its way, and we will see what powers it has when further announcements are made.
It is anticipated that the new body will be up and running by 2020.
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Guide to Restrictive Covenants.
Restrictive Covenants.
Restrictive Covenants on a property will affect what you can do with your property, and can be applied to private or commercial property..link
Government to introduce New Homes Ombudsman
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