All your questions answered
What is a building warranty?
- A building warranty is an insurance product which pays for the cost of rectifying defects to the building which are covered under the policy.
- A building warranty is a Latent Defects policy.
How long does a warranty last?
- 10 years from Building Regulation Completion notice, but some policies may be 12 years.
Why buy a warranty?
- Peace of mind. A warranty adds value and saleability to property assets by reducing uncertainty of costs.
Mortgage Lender Requirement
- All the mainstream mortgage lenders require a structural warranty to be available when a property is sold at less than 10 years old.
How do I obtain a 10 year warranty?
- We use a very simple 7 step application process:
- Initial enquiry and registration
- Written quotation for 10 Year Warranty
- Payment of all survey fees
- Structural Survey/Technical Audit
- Confirmation of terms of warranty and advice of any remedial works
- Payment of policy premium
- Policy implementation
How long will it take to get a warranty?
For New Housing
- The properties are monitored throughout the build process and the warranty is available at practical completion.
For Completed Housing
- On average 15 working days from initial enquiry to implementation of the policy.