Frequently Asked Questions

• 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 also referred to as a Latent Defects Policy.

• 10 years from Building Regulation Completion Certificate, but some Commercial policies may be 12 years.

• Most Mortgage Lenders in the UK will require a Structural Warranty to be in place before they lend money to either purchase a property (that is under 10 years old) or to refinance an existing loan.
• A warranty adds value and saleability to property assets by reducing the uncertainty of costs if there are structural problems during the warranty period.
• Peace of mind. 

We use a very simple 8 step application process

1. Initial enquiry
2. Written indications and then completion of warranty providers proposal form
3. Written quotation(s) for 10-Year Warranty
4. Payment of all survey fees/premium
5. Structural Survey/Technical Audit(s)
6. Confirmation of terms of warranty and advice of any remedial works
7. Payment of balance premium
8. Policy implementation

This will vary depending on your particular project. As a guide:

For New Housing

• The property(s) 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.

• All the mainstream mortgage lenders require a structural warranty to be available when a property is sold at less than 10 years old.