New Homes Development

A new homes warranty typically covers structural defects in newly built homes, including issues that may arise within the first 10 years after construction. It ensures your peace of mind when it comes to major structural problems.

No. While Structural Warranties may appear similar, there can be material differences between providers, including policy limits and inner limits, exclusions, the financial strength of the underlying insurer, lender acceptance, technical standards, inspection regimes and claims processes.

In the event of a structural defect, you typically contact your warranty provider and follow their specific claims process. They will assess the issue and arrange for necessary repairs if it falls within the policy’s coverage.

Yes, new homes warranties usually have certain exclusions, such as damage caused by homeowner neglect or external factors like natural disasters. It’s vital to understand these limitations to avoid any surprises later on.

The new build warranty extends for a full ten years. Typically, these warranties are secured prior to the project’s commencement, but they can also be obtained during the construction phase. Click here for more information on retrospective warranties.

Developers should consider Structural Warranty requirements before construction begins. Early engagement allows time to compare providers, understand technical standards and satisfy lender requirements without delaying the construction programme.

Requirements vary depending on the project, but many developments require a combination of Structural Warranties, Construction Bonds, Contract Works Insurance and specialist Transactional Risk Insurance. The appropriate solution depends on the project’s size, procurement strategy and funding structure.

Yes. Some lenders have specific requirements regarding warranty providers and technical standards. Considering funding alongside warranty selection helps avoid delays later in the development process.

Each provider operates its own underwriting approach, inspection requirements and technical standards. Selecting the most appropriate provider involves considering far more than premium alone.

The earlier the better. Advice during land acquisition or pre-construction gives developers greater flexibility when selecting warranty providers, arranging funding and managing project risks before work begins.