Tory peer says housebuilders should be hit with 10% retention on new homes

By Hamish Champ2019-04-29T05:00:00

Initiative would see firms build more homes snag-free, Lord Bethell adds

A Conservative peer has said house buyers should be able to hang on to up 10% of the purchase price in retentions so housebuilders are compelled to carry out repair work.

Tory peer Lord Bethell, who once managed the Ministry of Sound nightclub, said the move would force housebuilders to get homes built snag-free.

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