Borrowers looking to enter the self-build require a form of warranty to meet any future claims that may arise but also to allow them to sell their property in the future. In the past this has been difficult to obtain, or several insurance policies have needed to be taken out.
The Premier Guarantee has been designed as a one stop shop incorporating a package for both building works insurance and a structural warranty, although they can be purchased separately if required.
For those whose property is less than 10 years old, many banks and building societies will usually need a structural warranty to protect against the risk of latent defects, but the Premier Guarantee can help to speed up the conveyancing process.
