The guide, entitled Buying a new home: your rights explained, delivers all the necessary information in simple language, and it is hoped that it will give homebuyers a comprehensive set of guidelines to help them walk into the deal with their eyes wide open.
What can you expect to find in the UK Homebuyers Guide?
This guide is the first of its kind to be launched in the UK. It will, in 28-pages, cover the process of buying a new build, and will also advise potential buyers of their rights, such as:
- How to complain
- How to resolve disputes with developers
- How to make a claim under warranty
- How the rights of second buyers will be affected
- Responsibilities of buyers of apartments in blocks
- And more.
The free guide has been developed by the Kings College London, commissioned and launched by the HomeOwners Alliance, in a bid to offer support to potential buyers of new build homes. It follows the public commitment announced with the budget by the UK Chancellor, Philip Hammond, to build 300,000 new homes per year.
The Centre for Construction Law at Kings College, Mr Philip Britton, said ‘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.’ The Dickson Poon School of Law at the college also offer free legal advice to homebuyers in the King’s Legal Clinic.
Finally, the Chief Exec. of the HomeOwners Alliance, Paula Higgins, said ‘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.’