Barratt prepares to underwrite lenders' losses on new homes

摘要

Barratt is to guarantee to banks that it will underwrite any potential losses on certain homes in order to improve lenders' confidence in the new homes market. Writing in Building next week, Mark Clare, Barratt's chief executive, will say the company will compensate any mortgage lender that suffers a loss as a result of Barratt's failure to disclose sales incentives on new homes.