When do you need Social Housing Warranty?
Are you involved in social housing construction projects that offer affordable rent? Looking for comprehensive financial protection for your developments? ABC+ Warranty now offers Social Housing Structural Warranty Policies.
Our tailored policies for social housing warranties provide essential coverage to ensure your social housing projects meet legal requirements and stand the test of time.
All of our architects’ certificates and warranties comply with the UK Finance Lenders’ Handbook, and you can find our approved lender list here.
What do you need to know about Social Housing Warranty?
Why Conversions Make Sense
A Social Housing Structural Warranty (also known as a Social Housing Association Warranty) cover is also referred to as Social Housing Latent Defects Insurance. It’s a type of housing warranty designed to provide financial security for a variety of social housing construction projects for landlords and housing authorities. These policies offer a clear conscience by guaranteeing that your properties are safe for occupancy, eliminating the liability risks associated with structural issues emerging later.
By obtaining a Social Housing Structural Warranty, you can not only secure the necessary funding for your social housing project but also increase the value of the completed properties. This warranty cover safeguards all parties involved in the project contractually, extending protection and providing additional cover for at least 10 to 12 years.
Defining “Social Housing Property”
To be eligible for our Social Housing Structural Warranty, the property must be intended for social housing purposes, whether as dedicated social housing units or as part of mixed-use projects. Typically, these properties might comprise residential units situated above or alongside ground-level social housing or community spaces.
This warranty covers the entirety of the property as outlined in the Post-Completion Certificates, including the main structure, non-load-bearing components, drainage systems, and any ancillary buildings added during the construction phase.
Coverage of Social Housing Structural Warranty
While policy details can vary based on individual contracts, our Social Housing Structural Warranties generally feature the following key provisions for builders and developers:
Application Process for a Social Housing Warranty
To apply for a Social Housing Structural Warranty, you’ll need to provide essential information, such as:
Without these details, we cannot provide a formal written quote for your insurance needs for any regeneration projects, converted properties or new developments.
Can you get structural warranty for Social Housing?
Social housing projects involve various stakeholders and elements, which makes them more complex than standard housing construction. With numerous third-party contractors and larger material volumes, these projects demand substantial financial investment. By demonstrating the protection of investor funds through insurance, you can attract more financing for your social or affordable rent development.
Moreover, a Social Housing Structural Warranty mitigates the risk associated with potential structural defects. It contributes to repair and reconstruction costs in the event latent structural issues emerge, avoiding costly and time-consuming litigation procedures to establish liability.
This insurance safety net offers peace of mind to you, your investors, and potential future buyers throughout the warranty period.
Advantages of a Social Housing Structural Warranty
At ABC+ Warranty, we specialise in providing Social Housing Structural Warranty Policies for projects with rebuild values up to £10 million. Our comprehensive coverage includes pre-completion, post-completion, major structural damage risk, contamination risk, and buyers’ deposit risk during works.
For medium to large social housing developments, we can also provide Road and Sewer Bonds in addition to Social Housing Structural Warranties, streamlining the process for your convenience.
Request a quick quote online to simplify your warranty search. Our transparent pricing has no hidden fees, and our products are accepted by many approved lenders with UK Finance. Contact our Social Housing Warranty experts for more information and take the first step towards protecting your social housing investments.
Simply call 0161 928 8804 or send an email to info@architectscertificate.co.uk to speak to us.
