Change Date : 10/03/2016
Association: UK Finance
Jurisdiction: England and Wales
Index: v.2016 No.91


Policy changes relevant to
The Mortgage Works Solicitor Panel

Updated 23/02/2016 10/03/2016
6.7.1- What new home warranty schemes are acceptable to the lender? NHBC, Zurich Municipal, HAPM, LABC, Premier Guarantee, Building Life Plan (excluding self builds under construction), Build-zone, Castle 10, Build Assure, Global Home Warranties, The Q Policy for Residential Properties, The Q Policy for Bespoke Properties (detached only).
CRL new build 10 year structural defects insurance policy for residential property. NB: where the building was a new build and completed between August 2011 and May 2015 there must be no more than 10 units in the structure, there is no limit on the number of units in a building that was converted.
Advantage - Insurer: Elite Insurance Company (Note: There must be no more than 10 units in any continuous structure)
Protek.
Where
out buildings such as a detached garage are also being constructed an endorsement to include these in cover is required. Refer all other warranty schemes to Issuing Office.
NHBC, Zurich Municipal, HAPM, LABC, Premier Guarantee, Building Life Plan (excluding self builds under construction), Build-zone, Checkmate`s Castle 10, Build Assure, Global Home Warranties, The Q Policy for Residential Properties, The Q Policy for Bespoke Properties (detached only).
CRL new build 10 year structural defects insurance policy for residential property. NB: where the building was a new build and completed between August 2011 and May 2015 there must be no more than 10 units in the structure, there is no limit on the number of units in a building that was converted.
Advantage - Insurer: Elite Insurance Company (Note: There must be no more than 10 units in any continuous structure)
Protek
Capital Warranties
International Construction Warranties (IWC)
Where
out buildings such as a detached garage are also being constructed an endorsement to include these in cover is required. Refer all other warranty schemes to Issuing Office.