New Homes Quality Code – consultation under way

14 Jun 2021

Developers will recall that the Government set up the New Homes Quality Board (NHQB) more than two years ago (May 2019) in response to an increasing complaints from buyers of new homes regarding service levels and quality of works.  The intention is that the NHQB will replace the “voluntary” Codes of Conduct that are run by a number of new home warranty providers.
 
The NHQB has now issued the first draft of its New Homes Quality Code for consultation which can be viewed here:
 
https://developers.nhqb.org.uk/resource/new-homes-quality-board-launches-consultation-on-proposed-new-house-builders-code-of-practice.html
 
The draft code includes fundamental principles and various steps that developers will have to follow during the new home sale and marketing process.  It also includes procedures for dealing with physical defects (both in the new home and in the wider development).  The Code covers issues arising up to two years after purchase.  Buyers will be able to refer issues to the New Homes Ombudsman Service, free of charge.
 
The consultation is open until 7 July 2021; you can have your say by following the link above.
 
The NHQB aims to be fully operational by the end of 2021 – but there will be a transitional period for developers to register and adapt their procedures to comply with the new Code requirements.
 

Further reading

Ganz v Petronz FZE & Goren – key decisions of the arbitration claim

Blog, Legal Updates
08/04/2024
The recent Judgment in the arbitration claim Mordchai Ganz v (1) Petronz FZE (2) Abraham Goren [2024] EWHC 635 has already received attention from legal pundits.  The DMH Stallard’s legal team (Tim Ashdown, Beatrice Bass and Patrick Murray) acted for the Claimant. DMH Stallard was supported by the legal team of Altshuler Law in Israel which is a collaboration enabled through their membership of LEInternational.
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Reversal of changes to High Net Worth Individual and Self-certified Sophisticated Investor criteria implemented

Blog, Legal Updates
18/03/2024
As discussed in our recent update, the government announced in the Budget that the eligibility criteria for the exemptions, which allow shares and other financial instruments to be marketed to High Net Worth Individuals and Self-certified Sophisticated Investors without the regulatory protections
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FCA to investigate personal guarantees in small business lending following a super complaint

Blog
12/03/2024
The FSB has raised concerns that the demand for personal guarantees by lenders has a detrimental impact on small businesses accessing borrowing to grow
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ECCTA: Fundamental changes for companies and considerations for lenders: Practical points to note

Blog
08/03/2024
Tyne Harman outlines some of the key considerations for lenders and borrowers alike to be aware of.
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