What are the Benefits of a Social Housing Structural Warranty?

Housing associations and property developers interested in building dedicated social housing units have benefitted from purchasing a social housing warranty.

This type of cover is a must-have for any completed projects, offering protection for up to 12 years.

For any housing authorities or property developers attempting regeneration projects or building social housing from the ground up, you could massively benefit from an ABC+ Social Housing Warranty.

What is a Social Housing Warranty?

A social housing warranty is a type of cover that’s designed to protect substantial financial investment for various social housing construction projects for registered social landlords and housing authorities.

Social housing structural warranties guarantee that the property is safe for occupancy and eliminate any liability risks associated with structural issues that could emerge later on.

Obtaining a social housing structural warranty cover also helps developers secure the necessary funding to complete the project as well as increase the value of any completed properties.

What is covered by an ABC+ Social Housing Warranty?

When obtaining a cover for social housing projects from ABC+ Warranty, the key policy details do vary based on individual contracts. However, the social housing warranty cover we offer does generally feature a Structural Element Coverage and Transferability.

Structural Element Coverage is a warranty that covers the partial or full reconstruction if a structural element of a property experiences failure.

Transferability means that the warranty is assignable, meaning a full-risk transfer is offered in years three to 12. Any significant structural defects that occur in this period are covered under our policy.

Applying for a Social Housing Warranty

When applying for an ABC+ social housing warranty, you must provide a certain set of details, including:

• Your developer experience (if applicable)
• Development overview and plans, including unit type and quantity
• Construction cost estimates
• Estimated total property sales price

Failure to provide this information will mean you cannot be granted a quote.

How can Social Housing Warranties Benefit Housing Associations & Developers?

We have a tonne of benefits to offer property developers with our social housing structural warranty insurance, including:

• 10 or 12-year cover
• No broker fees for registration, renewal or holding bonds
• We consider both part-completed or completed projects, though it’s more cost-effective for you to obtain coverage before building work starts.
• Full risk transfer from years 3 to 12
• Additional cover

Furthermore, social housing developments involve many different stakeholders which makes it much more complex than standard housing construction. A social housing warranty provides comprehensive financial protection for all stakeholders which is imperative as social housing projects demand a huge financial investment.

As a developer, you can attract more financing for your project by demonstrating the protection of investor funds – a huge benefit of our social housing warranty.

Arguably the most important advantage of our social housing warranty, though, is the protection it offers against potential structural defects in affordable housing. The warranty contributes to repair and reconstruction costs in the event structural issues occur.

This safety net offers you, and any other investors, peace of mind that the project and finances are safe.

Choose ABC+ Warranty for your Social Housing Warranty

At ABC+ Warranty, we specialise in providing Social Housing Structural Warranty Policies for projects with rebuild values up to £10 million.

If you’re in charge of a social housing development, you will need our warranty.

The first thing you can do is request a quote for free with no obligation. If you’re happy with the results, get in touch and we’ll be happy to help. Give us a call at 0161 928 8804 or email us at info@architectscertificate.co.uk.