Housebuilding Targets
Debate between Baroness Taylor of Stevenage and Baroness Manzoor(1 week, 4 days ago)
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Baroness Manzoor (Con)
My Lords, what consumer protection is in place for those buying properties off-plan that are never completed? I understand that this issue is currently unregulated. Will the Government think about bringing this under regulation so that those consumer protections are in place?
Baroness Taylor of Stevenage (Lab)
My Lords, I understand the point the noble Baroness is making. It is important that consumers are reassured that, when they purchase a property, they are going to receive it as purchased. There is a long-standing property law, caveat emptor, which means it is for the buyer to check out these issues and make sure, through their legal advice, that they are getting what they pay for. I will take back the issue about consumer protections and see if there is anything further that can be done.