Clause 1 - Meaning of ``residential property''and other expressions
Homes Bill
11:15 am
Mr Geoffrey Clifton-Brown (Cotswold, Conservative)
Does my hon. Friend accept that one of the essential differences between new and older houses is that new houses are usually built by developers? Developers differ from private individuals in that they have an incentive to sell the houses quickly, whereas private individuals face all sorts of problems, such as being part of a chain—trying to sell their house while trying to buy another house. Because developers want to sell their houses quickly, it is unnecessary to require them to produce a full seller's pack that includes information on the condition of the house, as that should be covered by an NHBC certificate.