NHBC is the UK’s leading independent standard-setting body and provider of warranty and insurance for new homes. Their purpose is to work with the house-building industry to raise the standards of new homes and to provide protection for homebuyers in the form of Buildmark warranty and insurance.
What is Buildmark?
Buying a home is typically the largest investment people make and Buildmark provides warranty and insurance protection to newly built or converted homes. Cover starts from exchange of contracts and lasts up to a maximum period of 10 years after the legal completion date.
Why do I need Buildmark for my new home?
If you are buying a newly-built home you will need cover such as Buildmark in order to secure a mortgage and release funds.
If you are buying a newly-converted property your lender may not require you to have such cover, however, buying a property with Buildmark cover will give you reassurance that you will have protection if problems arise in the future. Please note that sometimes on conversion properties they add exclusions to the cover – these will be printed on your insurance certificate.
Is my builder registered with NHBC?
You can check the builder register here http://www.nhbc.co.uk/Homeowners/check-the-register/ to see if your builder is registered with them or to find NHBC registered builders in your area.