HBF: Code of conduct will reassure FTBs

30-Sep-2008

The code of conduct for new-build properties should help to reassure first-time buyers (FTBs) that the homes they are buying are worth the money, one industry expert says.

Steve Turner of the Home Builder's Federation (HBF) believes the code, which will be fully operational by 2010 and has been set up by the Office of Fair Trading, will help as one of a range of measures to kick start the housing market.

"The code of conduct is an additional guarantee for people, it strengthens the code already in existence and should give people confidence that the property which they buy is of the highest quality," he comments.

Anyone who does have problems with a new-build property, including FTBs taking their first step on to the property ladder, will find it easier to get the issues resolved, Mr Turner explains.

The code of conduct has been agreed by representatives from the sector, including the HBF, the National House Building Council and the Council of Mortgage Lenders.

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