Buying a home is the biggest investment most of us will ever make. A structural warranty helps to protect that investment and ensures new homeowners are not left exposed by nasty surprises
This ebook from Premier Guarantee looks at the key features of a structural warranty and efforts by the housebuilding industry to ensure greater fairness and transparency for buyers.
It highlights what a structural warranty will cover, which can vary depending on the individual policy and provider, including defects insurance, structural insurance, contaminated land, building control cover and deposit protection in the event of a developer becoming insolvent during the build.
It also looks at the process of obtaining a warranty from initial application through to site inspection and final completion.
The ebook also includes an interview with Noel Hunter, chairman of the Consumer Code for Home Builders, who discusses the housebuilding industry’s efforts to ensure greater clarity and transparency for buyers.
The code, which was introduced in 2010, is designed to help consumers make properly informed decision at every stage of the process, from pre-contract to completion and post-occupancy, giving them protection and redress if something goes wrong.