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FREQUENTLY ASKED QUESTIONS
What is a Structural Warranty?
A Structural Warranty is an insurance policy that protects new works of a property for a period of 10 years after completion.
How long is Structural Warranty?
A standard Structural Warranty policy lasts for 10 years but some can last 12 years.
Do I need a Structural Warranty?
Although a Structural Warranty is not a legal requirement, it is a requirement by all lenders in the UK. This means that if you wish to use a mortgage to purchase a property or sell it to someone who is, you will need to have one.
What is covered under a Structural Warranty?
A structural warranty covers your property against defects in design, workmanship and materials for 10 years from completion
How much does a Structural Warranty cost?
The price of a structural warranty is calculated by the professional reinstatement cost, property type, location, m2 and building material. The price will also vary according to the quality of the cover and whether you choose to include your building control surveys in the cost of your warranty.
How long is the warranty on a new build house?
Most warranties last for a period of 10 years however some may last for 12.
Does a new build house need a warranty?
It is a lender requirement for all new build houses to have a 10 year structural warranty in place which means if the property is to be sold to someone using a mortgage you will require a Structural Warranty.
What warranty does a new househave?
A 10 year structural warranty is needed if you are using a lender or wish to sell the property in the first 10 years to someone who is. A structural warranty protects property against defects in design, workmanship and materials.
What does a new home 10 year warranty cover?
A new home 10 year warranty protects the property for 10 years against structural defects in design, workmanship and materials.
Do you need a building warranty?
It is a lender requirement in the UK to have a building warranty on a new build. This means if you wish to sell or need to use a lender, you will need a structural warranty.
Who provides building warranty?
There are a number of structural warranty providers in the UK. Build-Zone is the third largest, with one of the largest capacities in the market. Build-Zone also only use ‘A’ Rated insurers.
How much is the building warranty?
A building warranty or structural warranty price varies according to the specifics of the projects. The price is calculated from the physical size (m2), location and build type.
What does a builder's 10 year warranty cover?
A building warranty or structural warranty protects new structural works against defects in design, workmanship and materials.
How does a structural warranty work?
A structural warranty is issued after a set of technical audits or site inspections have happened during the build that have been signed off by an approved inspector. The policy is held in the homeowner’s name and can be used to claim if structural defects arise in the new works or build.
What are structural defects?
Structural defects are not snagging which are minor or decorative defects found in a house after the completion of a build. Structural defects are those that affect the structural integrity of the building. These could be through defects in design, workmanship or materials.
How long does a structural warranty last?
Most warranties last for a period of 10 years however some may last for 12.
Do all new builds have a guarantee?
Most reputable developers or builders will arrange a structural warranty for their new builds so they are able to be sold to someone using a lender or mortgage.
What is covered under new build warranty?
A new build warranty is also called a structural warranty. It protects your new build against structural defects in design, workmanship and materials.
What is the new build 10 year warranty?
A new build 10 year warranty is also called a structural warranty. It protects your new build against structural defects in design, workmanship and materials for 10 years from completion.
Should a builder provide a warranty
If you are doing a self-build or designing a home for you to live in, it is normally your responsibility to arrange your structural warranty. If your builder is providing the warranty, you need to make sure you check the provider and if they are accepted by the majority of lenders or have 'A' rated insurer.
Is a building warranty the same as building insurance?
No, a build warranty is an insurance policy that protects the projects against structural defects in design, workmanship and materials for 10 years. Building insurance is an annual insurance policy (usually combined with contents insurance) to protect a home of any age for different levels of cover.
Do all new homes have a 10 year warranty?
Although a structural warranty is not a legal requirement, it is a requirement by all lenders in the UK. This means that if you wish to use a mortgage to purchase a property or sell it to someone who is, you will need to have one.
Do all new houses need a warranty?
Although a structural warranty is not a legal requirement, it is a requirement by all lenders in the UK. This means that if you wish to use a mortgage to purchase a property or sell it to someone who is, you will need to have one.
Do all new houses need a warranty?
Although a structural warranty is not a legal requirement, it is a requirement by all lenders in the UK. This means that if you wish to use a mortgage to purchase a property or sell it to someone who is, you will need to have one.
Is latent defects insurance the same as a structural warranty?
Latent defects insurance is the commercial name for a structural warranty – they are the same product.
What is a build warranty?
A build warranty is an insurance policy that protects the new works or building against structural defects caused by defects in design, workmanship and materials.
What does a building warranty cover?
A building warranty is also called a structural warranty. It protects your new build against structural defects in design, workmanship and materials.