What is a Self-Build Warranty?
Building a custom home should be a dream come true, with every element created to your exact requirements. However, there’s always the risk that latent structural defects could disrupt your self-build dream, no matter how careful you or your contractors try to be.
That’s where a Self-Build Warranty comes in, offering long-term financial protection against the cost of repairing structural failures. This kind of Self-Build Latent Defects Insurance can also encourage lenders that providing funds for your project isn’t too risky of an investment.
There are many unique challenges involved with self-build homes, especially if planning permissions and building practices are all-new territory for you. Why leave yourself open to significant financial losses when you could purchase peace of mind with a Self-Build Structural Warranty?
Are you constructing a custom-designed home?
Anyone planning to oversee a self-build project and live in the property when it’s completed should have Self-Build Structural Cover. If you have a plot of land but construction is yet to commence, it’s likely that you’ll need a Structural Warranty in order to secure the funding for the project.
Similarly, if you intend to occupy the home for several years but could possibly sell it on within the next decade, then potential buyers will need the security of an existing policy. Not only does this protection make the property more attractive, but it also enables the buyers to get a mortgage.
As your self-build progresses, you’ll have the reassurance of the Structural Defects Warranty to back you up. Regular surveys and reports from the provider will ensure that construction is going smoothly and in compliance with the law, reducing the risk of latent defects occurring.
What does a Self-Build Structural Warranty cover?
Either the builder, developer, or future homeowner can take out a Structural Warranty for a self-build, but it’s usually done by the owner, since it’s their home being built from the ground up. This type of policy tends to be transferable, meaning it can be assigned to the first property owner or a new owner without affecting the terms.
If you’re going to own and live in the home, then having legal protection against defective design and workmanship can be invaluable. A Self-Build Warranty will cover your property for a fixed term of 10-12 years after completion, but it can also protect you if the contractors become insolvent at any point before the construction work finishes.
With this warranty, your builders will be held responsible for any structural problems that become apparent in the first 2 years, and will be legally obligated to rectify them at their own expense (or under their own insurance). After that, the specific builders don’t have to perform the repairs, but your Self-Build Structural Warranty can pay for the work if you make a successful claim before the end of the insurance term (either 10 or 12 years).
How is a Self-Build Warranty different?
When you’re building your own house rather than buying from a builder or seller, the process and required protections are different. Just as you can’t get a standard mortgage for a self-build home, neither will a standard Structural Warranty provide the correct cover.
While a Self-Build Warranty follows the same defects insurance period (2 years) and consecutive structural insurance period (8 years), it will require different levels of inspection – particularly if you’ll be doing some of the work yourself, as a non-professional designer or builder.
Self-builders are obviously more involved in the customisation of the property, but are still likely to hire contractors to complete design and construction work. If you’re relying on third parties to build your custom house, quality control is even more important.
When you set up a Self-Build Structural Warranty, you’ll have the expert eyes of a qualified surveyor on your side for regular routine inspections. They’ll have the know-how to make sure the build is progressing correctly and safely, lowering the risk of structural errors.
Why choose us for your Self-Build Warranty?
We understand the importance of Structural Defects Protection at ABC+ Warranty, which is why we offer a range of Structural Warranty solutions and certifications. We make it easy to get a quote online, giving you an indication of the cost before you commit to us.
When we offer you a formal quote in writing, you can be sure that there are no hidden costs to trip you up later on. We operate honestly and thoroughly, and our expert team is always available to give advice if you need more information on our Self-Build Warranties or other products.
Simply call us on 0161 928 8804 or send an email to email@example.com and we’ll gladly resolve your enquiries. Get in touch today to secure a Self-Build Structural Warranty accepted by a wide selection of approved lenders on the Council of Mortgage Lenders list.
Self-Build Structural Warranty Checklist
If you’re dreaming of building your own home but aren’t sure where to start, click below to download our helpful checklist. It features all the important considerations you need to take into account when planning your self-build, so you can be sure that you’re covering all the bases before you get started.
This will help you with planning everything from the design to the budget, and will inform your Self-Build Mortgage application. Once you’ve checked everything off and your plans are in motion, remember to contact us to secure your Self-Build Structural Warranty quote before construction begins.