New Build Anti-Competition Claims Leaflet

FibrousFulcrum12

Hey MoneySavingExperts!

Recently received a post through the door re: New Build Anti-Competition in my local areas.

The content of which is a copy pasta from the website the flyer provided

What Are "New Build" Claims?

• Major housing developers are suspected of breaching the Competition Act by sharing information with Each other 

• Housebuilders agreed to pay £100 million into affordable housing as result of the CMA investigation

• These alleged anti-competitive practices occured from January 2022-February 2024.

If you bought a new build home between January 2022 and February 2024, you may have paid more than you should have. 

The Competition and Markets Authority (CMA) investigated whether major UK housebuilders shared sensitive sales information, including pricing, incentives, and reservation data. The CMA accepted binding commitments from the developers, including a £100 million payment towards affordable housing, bringing the investigation to a close.

Independent economists believe this alleged information sharing may have reduced competition, particularly where multiple developments were marketed and sold close together in time and location - potentially leading to higher prices for buyers.

If you were affected, you could be entitled to compensation.

Which Homebuilders Are Involved?

The claim relates to homes purchased from major UK developers (including their main brands), including:

• Ashberry Homes
• Barratt Homes
• Barratt London
• Bellway Homes
• Berkeley Homes
• Bloor Homes
• Bovis Homes
• Charles Church
• Countryside Homes
• David Wilson Homes
• George Wimpey
• Linden Homes
• Persimmon Homes
• Redrow Homes
• St Edward
• St George
• St James
• St Joseph
• St William
• Taylor Wimpey
• Vistry Partnerships

Eligibility depends on when and where the property was purchased.

Which Areas Are Affected?

Thousands of new builds are suspected of being affected, including:

• Aylesbury
• Bristol
• Cardiff
• Chelmsford
• Doncaster
• Edinburgh
• Exeter
• Glasgow
• Gloucester
• London
• Milton Keynes
• Newcastle upon Tyne
• Northampton
• Nottingham
• Nuneaton
• Preston
• Reading
• Swanscombe
• Telford
• Wellingborough
• And Many More

Does anyone know if this is something on Martin's/MSEs Radar?
Or anyone in the know aware of this specific thing?

Thanks in advance!

FF12

Jaybee_16

A relatively recent article about this matter.

https://www.building.co.uk/seven-housebuilders-face-class-action-lawsuit-over-alleged-anti-competitive-behaviour/5140300.article