Guarantees and Warranties
When you move into your new home, you want to ensure that you are fully protected. One of the benefits of a new-build home over a second-hand one is the fact that the building is protected by a warranty.
A new home warranty is an insurance policy, usually lasting ten years, which protects buyers of new homes from structural defects.
Having a warranty gives potential buyers that much-needed peace of mind that their home has been built to the highest standards.
Within the industry, it is also a condition of most mortgage applications that a structural warranty is in place for newly built or converted properties.
Consumer Code for Homebuilders
The Consumer Code for Homebuilders is a code to make home buying fairer.
The National House-Building Council (NHBC) is an independent organisation that maintains a register of builders of new houses.
Before being accepted onto the NHBC register, a builder must be able to show that they are technically and financially competent. They must also agree to abide by the NHBC Rules and Standards which cover technical requirements and guidance on practical design, suitable materials and quality of workmanship. NHBC technical staff examine homes at the design stage and carry out inspections at key stages of construction.
If your builder is signed up to the Consumer Code page it must have a suitable warranty in place. So check that your builder is signed up. If you buy a new Larkfleet home you are, of course, fully covered.