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

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£130,000 in 2014 with a 20% Help to Buy loan. However, last year, they discovered huge, unfinished problems with the development

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.

We’ve heard from buyers who have been left trapped in unsellable homes, while others say they’re locked in punishing leasehold clauses.

But one couple have now spoken of their devastation after discovering their home is almost worthless due to a building error in 2014.

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.

In 2015, when their mortgage term expired, they discovered there was a huge issue with the development.

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