Accreditations

NHBC


Buying a New Build Property from a Developer

The situation is most favourable if you buy the property brand new from the developer. Under the terms of the Buildmark Insurance Certificate, you can make the developer fix any and all defects and faults with the property within the first two years.

This is very important, because with most major builder/developer companies answering to their share-holders first, and not you, they can often focus on saving costs.

The practical reality being that the company sub-contracts much of their work to the cheapest local tender, resulting in work that falls very short of any reasonable quality standards.

While the developer claims their profits from the sale, the Buildmark Insurance Certificate means that you can at least force the company to correct such outstanding issues at cost to themselves.

These issues can be everything from minor to major issues. Minor issues I’ve seen myself can include:

  • Aerials not properly set up
  • Doors not properly fitted
  • Screws coming loose on other fittings
  • Electrical sockets left open
  • Damp & mould caused by incorrectly fitted extractors

More serious issues I’ve come across with new build properties includes:

  • Flooding due to poorly fitted pipes
  • Wrongly fitted double glazing
  • Poor/incorrect wiring on property
  • Boilers incorrectly installed
  • Roof not secured against the elements

In all instances, the Buildmark Insurance Certificate guarantee ensures that all should be fixed at the cost of the builder, so long as you bring these to the building/developer company’s attention in writing within the first 2 years of completion of the property.

And after 2 years?

After that, the company is only liable for repairs on major structural issues, such as subsidence, though it depends on the exact terms of the certificate, which can vary between developers.

 

 


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