Developer launches price protection promise

In news that could be of interest to anyone looking to buy a home in Scotland, the building firm Redrow has extended its pledge to protect its customers from property price falls.

As part of its overarching re:assure initiative, Redrow has now agreed to make its house price protection offer available until the end of this month.

The offer means that anyone selling a house in Scotland that they bought from Redrow during the next three years will be entitled to expect a refund on any losses they make up to ten per cent of the sale value.

Explaining the reasons behind the implementation of the policy, the home building company has said that it is designed to offer customers greater peace of mind in light of the recent uncertainty over property prices around the country.

"We want to instil confidence in home buyers at a time when they are being bombarded with a lot of confusing and often conflicting messages about the property market in general," said Redrow’s marketing director Simon Bennett.

Last month, Redrow announced that the availability of a new range of properties it built along a canal-side in Falkirk, which it has suggested are ideal for "young professionals, couples starting out and downsizers looking for a low maintenance lifestyle".