Consumer groups are urging ministers to expedite the implementation of stronger protections for homebuyers, specifically by mandating developer participation in a customer redress scheme. This push comes amidst concerns about issues like mis-selling and a desire for greater accountability from developers, particularly regarding building standards and safety. Key areas of concern and proposed solutions include:
Developer Accountability:
There’s a call for mandatory membership in a customer redress scheme for developers to address issues like mis-selling and poor building standards.
Building Safety:
Ministers are encouraged to act on proposals to strengthen building standards and safety, as well as ensure developers meet building timeframes.
Right to Buy Reform:
The government is also considering reforms to the Right to Buy scheme, including potentially restricting access for those who have already benefited from it or own other properties.
Digitalisation of the Home Buying Process:
The government is committed to driving the digitalisation of the home buying and selling system, which could potentially make the process quicker and cheaper.