Property Tips by Chartered Surveyors  from the Haynes House Manual series

 

 

UK Corporate House Builders face massive lawsuit for inflating prices

 

 
Seven of the best known UK corporate housebuilders are facing a multi-billion £ lawsuit for colluding to inflate prices of new-build homes.
 
This major class-action claim is seeking between £2.2 billion and £4.5 billion in compensation for house buyers who unwittingly paid higher prices than they would have if the market had not been manipulated.
 
This could potentially result in payouts of £3,100 to £6,200 for eligible homeowners.
 

 

 

Eligibility Criteria

 

Recent purchasers of newbuild residential homes in the UK  could be eligible for compensation if they meet the following conditions:-
 
 

  • Timeframe:  The property must have been purchased between October 2015 and 24 June 2026.
  • Developer:  The property must have been purchased from one of the following named housebuilders or their subsidiaries firms.

 

 

Housebuilders 

 
  • Barratt – Redrow Homes
  • Bellway Homes
  • The Berkeley Group
  • Bloor Homes
  • Persimmon Group
  • Taylor Wimpey
  • Vistry Group – formerly Bovis Homes –  and including Countryside Partnerships
 

 

 

How the Claim Works

 

  • The lawsuit follows an investigation by the Competition and Markets Authority (CMA) into housebuilders sharing commercially sensitive sales and pricing data.
  • The lawsuit claims that data-sharing reduced market competition, causing buyers to pay more than they should have.
  • The claim is funded by Burford Capital, meaning affected buyers bear no financial risk or upfront legal costs if the case is unsuccessful.
  • The case was filed with the Competition Appeal Tribunal (CAT) and now awaits tribunal certification to officially proceed as a collective action.

 

 

Do You Qualify?

 
You can check your eligibility and get updates via the Consumer Voice Housebuilders Claim website.

 

 

 

 

See Rightsurvey.co.uk for a quick guide to valuation and survey prices

 

We would always recommend using RICS certified surveyors in every instance – don’t get caught out, get instant quotes for RICS surveyors here.

 

                                                              

 Ian Rock’s Rightsurvey property tips are taken from the Haynes House Manual series.