A New Build Warranty, otherwise known as Latent Defect Insurance or a Structural Warranty, is an important piece of paper on all new developments as it is a requirement for mortgage lenders during the purchase and refinance process.

A Latent Defect Insurance policy is an insurance that allows the home-owner to make a claim should there be an issue with the structural integrity of their new build, or converted, home due to issues with workmanship, product or design, for a period of 10 years following practical completion.

As well as providing an insurance element to give piece of mind to homeowners, and lenders alike, the Warranty provider will conduct a thorough technical audit to ensure that the property has been constructed, or converted, to an expected standard – in effect rubber stamping the property as being built to a good standard, free of defect.

This ultimately ensures that the property complies with section 6.7 of the UK Finance Mortgage Lenders Handbook and accepted by lenders upon purchase or refinance.

Latent Defect Insurance is provided by a partnership with leading product providers on an introductory basis, ensuring that you deal direct with specialists with no middlemen.