Petition · past parliament
Require 20% of sale price for new build homes be held for the snagging period
Closed
227 signatures
What the petition asks
We want the Government to ensure 20% of every new build completion price is held back for the designated snagging period. It should be released to developers only when the buyers are satisfied they have what they agreed to buy. If not satisfied, remediation costs would come from the held funds.
This should encourage developers to ensure homes meet the required standards, specifications sold and expedite work to resolve any issues.
Timeline
| 23 Jan 2023 | Petition opened for signatures |
| 23 Jul 2023 | Closed to new signatures |
Key facts
Signatures
227
Status
Closed
Opened
23 Jan 2023
Closed
23 Jul 2023
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Source: the official petition page. Last checked 15 Jul 2026.