Taylor Wimpey joins OTM as it battles leasehold scandal investigation
The UK's third largest builder is to advertise its properties and developments on the portal, joining many of the other major construction firms including Barratt and Persimmon.
OnTheMarket.com has signed up the UK’s second-largest house builder Taylor Wimpey to advertise its properties and developments on its website.
But the announcement comes just ten days after the builder was named as one of the four big construction firms to be investigated by the Competition and Markets Authority (CMA) as part of the ongoing ‘leasehold property trap’ scandal.
The OTM announcement today makes no mention of this, instead highlighting the builder’s four-star Trust Pilot rating and commitment to build high-quality homes.
Taylor Wimpey joins several of its competitors on the platform several of which were also highlighted within the recent CMA investigation announcement on September 4th.
This is to look at practices such as soaring ground rent charges, punitive permission fees and developers selling freeholds behind homeowners’ backs, all of which have left some home owners in unsellable and mortgageable properties.
The other builders involved are Barratt Developments, Countrywide Properties and Persimmon.
Helen Whiteley (left), Commercial Director of OnTheMarket, says: “Taylor Wimpey is one of the UK’s largest house builders, is a highly successful business and has a UK wide geographic reach.
“I am delighted that another major player in the industry has decided to join OnTheMarket.”
Ceri Pearce, UK Sales & Marketing Director from Taylor Wimpey, says: “We have watched as OnTheMarket has gathered momentum to become an established portal and believe now is the right time for us to join.
We look forward to finding a new stream of motivated buyers as a result of this new partnership.”
