Property News · February 7, 2017

Left out in the cold over housebuilder’s reservation fee


When I was unable to proceed with Icona Homes, I presumed the Consumer Code for Home Builders would ensure the return of my £500 feeI paid a £500 reservation fee for a new-build house using the government help-to-buy scheme. However, my chosen mortgage lender valued the house at £5,000 less than the asking price and my application for a loan was declined. Continue reading…

Source : theguardian.com
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