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House builders develop code of conduct

The house building sector is developing a code of conduct to address consumer concerns about excessive delays, faults in new homes and issues with fees.

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Wind of change for mutuals

Nationwide’s recent move to take over The Derbyshire and The Cheshire building societies is the latest symptom of the credit crunch in the mortgage market. Between them, the smaller societies had racked up a total of £27.5m in losses in the first half of 2007, and the deal could be said to have effectively saved them from collapse.

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