The chief executive of Bellway has welcomed a government crackdown on poor-quality homes as the housebuilder reported higher profits and sales.
Jason Honeyman, 51, said that this week’s threat by James Brokenshire, the housing secretary, to punish housebuilders guilty of “unacceptable” punitive costs and “nightmare” snagging problems in new homes was a good move.
Brokenshire, 51, said that he would be “considering carefully how the developers who work with us meet the standards and quality that customers deserve” before the launch of the revised Help to Buy scheme in 2021. The new scheme will be restricted to first-time buyers.
The Telegraph reports that Persimmon has come under attack from the boss of rival Bellway, who claimed the housebuilder’s problems with build quality and huge executive bonuses had damaged faith in the sector.
