Tighter laws are needed for housebuilders by Finance News Bulletin

Published: 24/11/07

information Companies & markets Investing Power portfolio Campaigns Mortgages & homesMortgage featuresInsurance customer advice Broadband & phones Retirement Saving & banking Credit & loans Small business duty & wills Message boards cash blog Tools & calculators Ask an expert Guides Compare & pay money forGovernment plans to tighten laws protecting homepay money forers do not go distant enough, according to Mark Prisk, Conservative customer affairs spokesman

A QUICK MONEY MAKEOVER If you only have one miniature to learn how to sort your finances, forget the rest and read this>> Our 8-step planHe says this is mainly because they do not comprise the increasing number of deals between homebuyers and developersThe Government is piloting its customers, Estate Agents and Redress Bill through Parliament Crucially, it will force all estate agents to fit in to an ombudsman scheme

At present, agents do not have to sign up to the system and just 75% of agents in England and Wales belongBut the Bill, which gets its third interpretation on Tuesday, does not be relevant to housebuilders, which sell thousands of homes each day from salesrooms on development sitesPrisk says: 'The legislation does not go far enough, and the meaning of an estate manager must be widened to include direct sales by a developer'But a orator for the Home Builders Federation, which represents four out of five UK developers, supposed: 'We sell in a totally different market situation

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