Structural Warranty for your New Home by Build Zone

House Builders and Developers now have more choice than ever in selecting their provider of New Home Warranty cover on the homes they are building, extending or converting.

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Developers are keen to remain independent and are seeking innovative ways to set themselves apart from the competition around them.

Cover is available for projects involving new build, conversion & mixed-use developments. Builders or Developers must register with Build-Zone to be eligible for this scheme and must comply with the Build-Zone Code of Conduct.

Features of the New Home Warranty:

  • No membership or registration fees
  • Recognised by lenders and complies with the Council of Mortgage Lenders initiative
  • We can consider covering part-completed or completed projects
  • Fast quotation turnaround
  • Quick response from professional, nationwide technical auditing/survey service
  • Flexible payment method
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Home improvements can affect your Home Insurance

Britain is a nation of property nuts and when it comes to home improvements we spend an absolute fortune.

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Recent figures from SAGA show that just over one in three homeowners splash out an average of £2,000 every year on changing their properties. As the price of buying a bigger and better property goes up, and to avoid the hassle and costs that go with moving, the mantra of many has become ‘Improve, don’t move’.

However, what plenty of property owners don’t realise is that they could be invalidating their Home Insurance by making improvements.

If major building work such as converting a loft into an extra bedroom or erecting a conservatory isn’t carried out correctly, following all the relevant permissions and regulations, or the insurer isn’t informed so that policy terms can be amended accordingly, then your cover may become null and void.

As the buildings element of a Home Insurance policy is based on a property at the point the insurance is taken out, it stands to reason that a change to the structure means that any existing cover may no longer apply.

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Housing market ‘settles down’ post-Brexit, says RICS

The price of houses and sales will likely continue to rise in the aftermath of the Brexit vote, with prices predicted to go up by 3.3% a year over the next five years, per the latest poll of surveyors.

BREXIT The Royal Institution of Chartered Surveyors (RICS) found that a higher proportion of surveyors expected sales to rise in the next three months than at any time since February.

Simon Rubinsohn, chief economist at RICS, says:

“There are clear signs that the housing market is settling down after the initial surprise of the outcome to the EU referendum.

“Buyer enquiries did dip again in August but only modestly and, more significantly, sales expectations are beginning to edge upwards once again. It is likely the swift response from the Bank of England, both in terms of the lowering of the capital buffer and the cut in interest rates, has played a role in helping to support confidence.”

The poll suggests that both prices and sales are set to rise over both the next three months and 12 months as market activity becomes more stable.

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Thank you for visiting us at MIPIM UK 2016!

On behalf of the Build-Zone Insurance team, we would like to thank all the organisers and exhibitions specialists for hosting MIPIM UK.

Build Zone at MIPIM

The Build-Zone Insurance team were pleased to welcome many participants to their stand and enjoyed meeting all the exhibitors.

Thank you to all who came along to our stand to meet us and to find out more about our services. We are looking forward to attending in 2017!

For further information please visit our website: www.buildzone.com

Connect with us on LinkedIn and Facebook.

Could Brexit affect Structural Warranties in the UK & Eire?

Brexit & Structural Warranties: Build-Zone has become a major force in the provision of Structural Warranties having started in 2003. Build-Zone were one of the first providers to achieve Designated Warranty Provider status by the Department of Communities and Local Government.

Strucural Warranty Self-Build

Build-Zone uses an in-house Technical Services Company – Build Zone Survey Services Ltd (BZSS), which operates separately under different management and can provide or arrange Building Control and other Technical Inspections using rigorously checked and audited construction professionals and “Approved Inspectors”, all of whom have to agree to specific Consultancy Agreements.

So what about BREXIT? Are there other things that you need to consider?

So far as Passported Insurers operating and accepting risks in the UK are concerned – Brexit will not make much difference, certainly initially, for example those Insurers based in places such as Gibraltar wanting to do business in the UK.

However, with regards to covering risks based within the EU then they will have to qualify and be compliant with Solvency II.

What is ‘Solvency II’ and what does it mean for Policyholders?

New rules which came into force in 2016 hopefully ensure a uniform and enhanced level of policyholder protection across the EU.

The new framework – like the current rules – applies to the majority of EU Insurers and Reinsurers.

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