From This is Money:
The deal from Barratt Developments, which is thought to be the first of its kind in Britain, is valid for three years and offers cover against a possible 15% drop in the market.
It is among an array of freebies and deals for househunters, giving a stark indication of the pressure builders are under.
Barratt is also offering to pay stamp duty and acquire property in cases where customers are struggling to sell.
Chief executive Mark Clare said: ‘What we are trying to say is, “If there are things that concern you as a customer, what can we do to help?”‘
Customers, however, won’t be able to take advantage of all the Barratt incentives as the cost would be too high.
The stamp duty deal on a £500,000 home, for example, would save a buyer £15,000 in moving costs.
The builder’s ‘price promise’, meanwhile, could cost a whopping £75,000 on a property of the same value.
Other building firms are also offering deals to customers reluctant to shell out for a new home…
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