Welcome
Interested in Latent Defect Insurance?
New Build and Retrospective, Mixed Use (Commercial & residential),
Conversions (incl listed Buildings), and Self Builds
New Build and Retrospective, Mixed Use (Commercial & residential),
Conversions (incl listed Buildings), and Self Builds
A structural defects warranty or ‘latent defect’ warranty is a type of insurance policy for new builds, conversions or retrospective builds that covers against any structural defects that arise in the first 10 years after the build is completed.
Whilst a structural warranty is not a legal obligation, it is much easier to sell a property with one in place, as it is a guarantee to the buyer that they will be protected from any financial implications should anything go wrong and can provide buyers with peace of mind.
If you are applying for a loan to finance your development, a lender will not usually consider your application unless you have a structural defects warranty in place and will usually require you to source a warranty before the building work starts. Most warranty providers will have their own lender approvals in place to ensure that the customer will be accepted for a loan if they buy their policy with them.
A Credible Alternative to a Structural Warranty
Whether you have a completed property that is under 10 years old, a property part-completed, or a property you’re about to start, a PCC is widely recognised and accepted by many high street lenders as an alternative to a structural warranty and can enable a buyer to obtain a mortgage.
A structural warranty is a key requisite of most mortgage lenders to guarantee that they can recover the money they lend on a mortgage should any structural defects occur in the first 10 years after build completion.
Geoffrey McClure has years of experience offering true choice to his clients. He has built relationships with a panel of the UK’s leading warranty brands to give clients the right options in their search for a structural warranty.
With access to many of the key providers in the market, Geoffrey can find you the most competitive price with the most suitable cover for your project.
"I can condense your search for multiple quotes into a single phone call… then after researching the market, I will come back to you with all the facts you need to know about each quote so that you can make an informed choice, every time".
"Remember, I work for the benefit of my clients not warranty providers".
Geoffrey McClure is an appointed representative of TEn Insurance Services Ltd trading as Eleven, authorised and regulated by the Financial Conduct Authority, (FRN 314593)
Geoffrey McClure is focused on delivering the right solution for his clients be it structural warranty and/or other construction insurance cover for residential, commercial and mixed use developments for his clients.
Please contact me if you cannot find an answer to your question.
1. Mixed use and Residential Warranties - new build and conversions.
2. Retrospective warranties.
3. Commercial warranties
4. PCC
5. PI Insurance
6. Contractor All Risks
7. Construction Bonds
8. Insurance Backed Guarantees
I receive an introducer commission on each transaction that completes successfully and dependent on the project and where applicable a retainer fee.
Mostly…yes. One of the rating factors that can affect the cost of the warranty and insurance cover is the number of years’ experience a builder, or developer has. Scales vary with different providers 1 to 8 years, 1 to 15 years, or even up to 20 years, or more. The more years’ experience a builder, or developer has – the less the warranty cost. If limited experience then Personal Guarantees or Cross Company Guarantees maybe required to cover the two year builder liability period.
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Tel: 07831 545 108 Email: gmcclure123@outlook.com
Monday - Friday: 9am - 6pm
Saturday: Closed
Sunday: Closed
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