Property News · February 6, 2017

New homes warranty firm pays millions to leading homebuilders


Construction standards and credibility questioned after it emerges National House Building Council pays developers up to £15m per yearThe organisation that provides warranties for most of the new homes in Britain is paying millions of pounds to the leading housebuilders every year, raising questions about its independence and credibility amid a wave of complaints about the quality of new-build properties.NHBC, the standard-setting body and main home construction warranty provider for new-builds in the UK, is paying around £10m to £15m every year to housebuilders through what is effectively a profit-share agreement. The largest firms can receive as much as £2m from the scheme, because it rewards the developers who registered the most homes with NHBC. Continue reading…

Source : theguardian.com
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