What is 'Building Warranty'?

All developments have to comply with stringent building standards and are offered with the benefit of structural defects insurance (sometimes referred to as a warranty). Most major developers subscribe to the National House Building Council (NHBC) scheme which offers a 10 year “Buildmark” warranty. Other developers may subscribe to similar schemes such as the Premier Guarantee Scheme or LABC warranty. Building warranty is designed to cover defects in the property which may arise during the warranty period as a result of the developer's failure to observe the scheme requirements.

 

Did you find it helpful? Yes No

Send feedback
Sorry we couldn't be helpful. Help us improve this article with your feedback.