Persimmon, Britain’s second-largest housebuilder, faces losing its Help to Buy contract following claims of “poor standards and hidden charges”, according to The Times.
Its involvement in the government initiative, which accounted for half of the homes built last year by the FTSE 100 giant, is reportedly under review by James Brokenshire, the Housing Secretary.
The scheme, which aims to help first-time buyers and those looking to move home, was launched in 2013 and has helped Persimmon to almost triple its profit per house, from £22,114 in 2012 to £60,219 last year.
