Wednesday, July 9, 2025
Google search engine
HomeBusinessUK housebuilders agree to pay £100m to avoid legal decision

UK housebuilders agree to pay £100m to avoid legal decision


Getty Images Man and woman outside new build homes Getty Images

Britain’s biggest housebuilders have agreed to pay £100m towards affordable homes to avoid a regulator’s decision on whether they broke competition law.

The seven firms have also agreed not to share commercially sensitive information such as how much houses have sold for “except in limited circumstances”.

The Competition and Markets Authority (CMA) last year began investigating whether housebuilders had been swapping information, such as pricing and the incentives offered to buyers such as upgraded kitchens or stamp duty contributions.

The watchdog said if it accepts the firms’ offer it will mean “that it is not necessary for the CMA to decide whether the housebuilders broke competition law”.



Source link

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -
Google search engine

Most Popular

Recent Comments