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First time buyers discover their 3-bed new build property is worth absolutely nothing

New-build homes have come under the spotlight in recent years with developers accused of cutting corners and inflating prices to cash in on those using the Help to Buy scheme.

Chris and Steph Oliver, 34 and 29, bought a three-bed new-build property in Bradford for £130,000 six years ago using the Government’s 20% Help to Buy scheme.

The couple were told they could not remortgage because the building had not been completed in line with building regulations.

 

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