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A number of major house builders in the UK have been forced to cut their workforce dramatically, as the misery in the housing market and low sales performance continue to take their toll in the housing sector. With many people unable or unwilling to purchase homes, some house builders have had to cut their workforce by around 40%.

Bovis, Redrow to slash jobs by 40% as sales drop July 9th, 2008 | No Comments | Posted in Business LONDON (MarketWatch) — U.K. home builders Bovis Homes Group and Redrow both said Wednesday that they will cut their workforce by around 40% from the level at the start of the year as home sales have slumped.

Persimmon have come up with a raft of 'moving options' which are broadly similar to Redrow's, the main difference appears to be that Redrow will 'pay' your Stamp Duty Land Tax, legal fees and a 5% deposit but Persimmon will, effectively, give you an interest free mortgage on one-quarter of the property.

The original Redrow Reassure deal included the following: "If a customer comes to sell their Redrow Property [within three years] and gets less than they paid, we will refund the difference up to 10% of the purchase price paid..." The current Reassure package has been modified - instead of the 10% refund, they are offering to "Pay up to £500 per month towards your mortgage for two years".