Adamantium

Found a cheap structural warranty

Recommended Posts

Plot is in Shropshire. 

Share this post


Link to post
Share on other sites

We are around 2.5k for 285 mtrs 

Like  NHBC warrantees Unlikely to be able to claim 

As self builders they would just put it back to the builder ourselfs 

But As has been covered on several occasions a nessesary evil

 

i had this conversation before starting our build

With a friend who was just finishing his build

He always intended selling 

But didn’t bother with a warrantee

As he could get one retrospectively for around 3k

Hes just sold and said it never came up and was only asked for the completion notice and SE reports

 

I think when we last discussed this Russel pointed out what a waste of money they were If I was to do another self build I wouldn’t bother with a warrantee and add one later if I ever had to sell in the next ten years

But then I wouldn’t have nice piec of paper telling me everything was perfect 😀

  • Thanks 1

Share this post


Link to post
Share on other sites

I didn’t think mine was worth buying TBH and 2.5k seemed a lot at the time, but as my build took far longer than expected and circumstances changed meaning that I will almost certainly sell up within the 10 years after completion at least I have the comfort that I have a piece of paper if needed. Well almost, because this thread reminded me that I needed to provide them with the completion certificate to receive the piece of paper. Paying for it is a distant memory TBH so neither here nor there now. 

 

The house next door doesn’t have a warranty (purchased from a small builder), and nor does it have a completion certificate either as it happens (unbeknown to them until I received mine and the council mentioned it). They have a mortgage on it so clearly the mortgage company didn’t want to see evidence of either. I imagine their 10 year period will start from when they finally get the completion certificate even though they have been living there for 10 years already. 

 

 

Share this post


Link to post
Share on other sites

My decision to not bother with a warranty was based on my experience with NHBC being a waste of time (bought a new house years ago and found out the hard way that the NHBC warranty wasn't worth the paper it was written on) and the fact that the next house we bought was someone else's self-build, with no warranty, and all our lender needed was a single premium insurance policy from the vendor, that cost them less than a warranty would have.

 

We have no intention of selling, but I'm quite happy to just buy a one-off insurance policy if we absolutely have to sell within 10 years of completion.  The chances are that would still be cheaper and less hassle.

  • Like 1

Share this post


Link to post
Share on other sites

I am with Buildzone. £1400 for 147 sq mtr.

Local Authority for BC.

Although warranty probably not worth much in the event of a claim it is necessary for most mortgage lenders if ever needed to sell.

Retrospective warranty is very expensive.

I have found it quite useful as the warranty surveyor has been really thorough & helpful with advice.

He is familiar with timber frame construction & the importance of the insulation & airtightness standards we are looking to achieve.

Local BC are less familiar with our type of build but interested & helpful where they can be.

As I am a novice 2 pairs of eyes has been reassuring.

One thing I am about to sort out is that surveyor has emailed asking for various things following his last inspection, no problem, but he has said that our PV is not covered.

I understand that they will not warranty the individual panels, but, as it is an in roof system & forms part of the roof covering I want them to cover that aspect of it.

I was not excluded on the policy and they were fully aware of it when they quoted.

Share this post


Link to post
Share on other sites

Just got our quotes back from retrospective warranty  companies and between 5-6k 😳

didnt think we would need a mortgage as have a house to sell but property market very slow, very expensive piece of paper!

Share this post


Link to post
Share on other sites

We finally received our Build Zone Warranty yesterday. We took out the warranty when we started the build eight years ago and paid £1299.25. The insurance premium part of the cost was £535.50 inc. tax and the remainder was site visits, paperwork etc.

Share this post


Link to post
Share on other sites

This is our first expensive mistake, hard to swallow 

Share this post


Link to post
Share on other sites

Now I’m in two minds.

 

i don’t need a warranty for myself.

 

I’ll only need one if things go bad financially (fingers crossed they won’t).

 

so question is, how much extra is it to buy the warranty in the event of selling, who should I approach and what is the name of the product I am asking for?

 

 

 

 

Share this post


Link to post
Share on other sites
38 minutes ago, Adamantium said:

 

so question is, how much extra is it to buy the warranty in the event of selling, who should I approach and what is the name of the product I am asking for?

 

 

 

 

 

Have a look at BuildZone. They offer warranties for completed houses. 

 

https://www.build-zone.com/self-custom-build-warranty

 

 

Share this post


Link to post
Share on other sites
22 hours ago, PeterStarck said:

We finally received our Build Zone Warranty yesterday. We took out the warranty when we started the build eight years ago and paid £1299.25. The insurance premium part of the cost was £535.50 inc. tax and the remainder was site visits, paperwork etc.

 

I’m glad you got yours ok after 8 years. Mine has been 9 and I thought they might take issue with it being so long but your experience reassures me. I’ve just requested mine. I hope they don’t need to come out again. The last inspection was at the stage where the building work was was ok with the council but there was a long and protracted delay over the paper trail that was finally resolved at the end of last year. 

 

Mine was circa 2.5k on a 350 sq m house but that included a £115 inspection / survey at the start that seems to have been paid to Zurich but for what I’m not entirely sure and don’t even remember anyone coming out. 

 

 

  • Like 1

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now