Reply With QuoteThe industries code of conduct will probably be as much use to home buyers as a chocolate teapot aka NHBC
OFT clears housebuilders of land hoarding The Office of Fair Trading has cleared housebuilders of anticompetitiveness after a 15month investigation - but has encouraged the industry to set up a code of conduct after raising concerns that the property downturn will lead to businesses cutting corners.
More...OFT clears housebuilders of land hoarding
The industries code of conduct will probably be as much use to home buyers as a chocolate teapot aka NHBC
The OFTs report
http://www.oft.gov.uk/shared_oft/rep...cy/oft1020.pdf
This was my initial thought, but looking into it a bit deeper it is clear that consumers have more protection than before even with a voluntary code.Originally Posted by bigkevgray
The Consumer Protection from Unfair Trading Regulations 2008 will apply to any house builder signing up to the new code of conduct, specifically section 5 which states: A commercial practice is a misleading action if it concerns any failure by a trader to comply with a commitment contained in a code of conduct which the trader has undertaken to comply with.
The Consumer Protection from Unfair Trading Regulations 2008 No.
Unusually in consumer legislation things attached to land are not excluded
The OFT have also set out timelines and milestones and will recommend statutory measures if these are not met.
Tony
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