Seven of the UK’s biggest housebuilders have agreed to pay a total of £100mn after an investigation by the country’s competition regulator into information sharing between the companies.

Seven housebuilders have agreed to pay a total of £100m to affordable housing programmes following a Competition and Markets Authority data investigation.   The move comes after the CMA launched an investigation last year following concerns that seven developers exchanged details about sales including pricing,

The seven – Barratt Redrow, Bellway, Berkeley Group, Bloor Homes, Persimmon, Taylor Wimpey and Vistry – have now agreed to pay £100m which will go towards affordable housing programmes.