Compariqo can arrange a policy called a Retrospective Structural Warranty, which covers properties that have already been completed, but do not have structural defects insurance in place. Once an inspection has been successfully completed and signed off by Building Control, the policy provides cover from the date of sign off and for the remainder of the 10 years.
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If you have a house that you are trying to sell that is under 10 years old, you will find it difficult to do so if there is no structural warranty in place. Unless the buyer can lay out cash, they will require a structural warranty in order for them to be able to obtain a mortgage.
Lenders will not commit to providing finance on a property unless the owner can provide a structural warranty that was obtained either during the build or after the build was completed, known as retrospective structural warranty.
Compariqo offers bespoke re-financing and insurance solutions to the property sector. Contact one of our advisors today.