New home warranties


Published by a ³ÉÈËÓ°Òô Construction expert
Practice notes

New home warranties


Published by a ³ÉÈËÓ°Òô Construction expert

Practice notes
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This Practice Note looks at the principal types of policy or guarantee (other than latent defects insurance) that are currently on the market to protect homeowners and developers against latent defects in new, and newly converted, homes and considers several of the most widely provided warranties: those provided by nhbc or the National House Building Council (Buildmark), Premier Guarantee and local authority Building Control (LABC) Warranty, the providers jointly responsible for the introduction of the Consumer Code for Home Builders (the Code) in April 2010. The Code contains standards of good practice, procedures and information with which homebuilders who have registered under the Code are obliged to comply.

What are new home warranties?

A new home warranty is an insurance policy that gives the buyer of a newly built, or newly converted, home protection in relation to certain types of structural defects that may occur in the building. This type of warranty has existed for many years. The warranty offers protection up to a specified value and for a specified period (typically ten years) and is intended to reassure the homebuyer

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Jurisdiction(s):
United Kingdom
Related legal acts:
Key definition:
Latent defects definition
What does Latent defects mean?

Defects inherent in the design or construction of a property which are not apparent on inspection.

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