What is a structural warranty and why is it important?

September 2022

All newly built homes should be protected by a 10-year structural warranty. We explain what this is, why it’s important and the level of cover you can expect to come with a new Willan home.

When you are thinking of buying any new-build home you should receive information summarising the structural warranty cover for the property and a copy of the Consumer Code for Home Builders.

A structural warranty is different to your standard building and contents insurance. It provides cover for a wide range of structural defects that could, though rarely, occur during the first 10 years after your home is completed. This means structural faults that might happen during this period will be taken care of with the minimum of fuss.

All new Willan homes are covered by a 10-year LABC structural warranty which includes two key periods. The first two years of the policy (called the defects insurance period) and years three to ten (known as the structural insurance period).

You don’t need to do a thing to ensure your property is adequately covered. Your developer will have already arranged and paid for this before you buy your home and will provide you with a Certificate of Insurance when you move in.

Although important, it’s not just to do with making sure your home is protected against structural damage. When buying your new home, mortgage lenders are unlikely to release funds unless a warranty is in place from a suitable provider.

LABC Warranty is recognised and accepted by the country’s leading banks and building societies. Furthermore, if you decide to sell your home before your warranty expires (10 years from build completion), a policy from LABC Warranty will make your property more attractive to buyers and lenders alike.

When purchasing a new home, you are also covered by the Consumer Code for Home Builders in conjunction with your LABC structural warranty. Developed by the home-building industry to make the home buying process fairer and more transparent for purchasers.

The Code sets mandatory requirements that all home builders must meet in their marketing, selling and after-sales service ensuring home buyers are treated fairly, know what service levels to expect, are given reliable information, and know how to access speedy low-cost dispute resolution arrangements if they are dissatisfied.

So, rest assured from the moment you reserve a new home until long after moving day you are amply protected.

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