We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
New Build - Defects Period
JLammy
Posts: 29 Forumite
I have just received the declaration form for a new build house purchase and one thing that struck me straight away is the defects period.
The house was completed back in March 2018, and it's likely that we won't complete the purchase until late September. The defects period started in March 2018 and expires in March 2019. Which means we effectively have 6 months of this defects period only.
Is it normally a negotiable thing? I just feel it's a bit unfair!
The house was completed back in March 2018, and it's likely that we won't complete the purchase until late September. The defects period started in March 2018 and expires in March 2019. Which means we effectively have 6 months of this defects period only.
Is it normally a negotiable thing? I just feel it's a bit unfair!
0
Comments
-
Defects (Snagging) is usually 2 years, not a year. So you will get a year and half.0
-
bethwilliams95 wrote: »Defects (Snagging) is usually 2 years, not a year. So you will get a year and half.
The declaration form definitely says that it expires in March 2019...0 -
Warranty provider?
NHBC (eg) is two years, AFAIK?I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
I would ask them to clarify, as if anything goes wrong in the house in the first 2 years you go to the builder, then after that you go to whichever company covers it for the 10 year period (NHBC etc.).The declaration form definitely says that it expires in March 2019...
I am waiting for my new build to be built still, I believe that after its being built around a year they come and look for cracks etc that you want them to fix, so it may be that, that the form is regarding. However they are liable for the first 2 years, so you would get a year and a half.
I looked on the NHBC website after I saw your reply and they state if anything is wrong in the 2 years go to the builder.0 -
kingstreet wrote: »Warranty provider?
NHBC (eg) is two years, AFAIK?bethwilliams95 wrote: »I would ask them to clarify, as if anything goes wrong in the house in the first 2 years you go to the builder, then after that you go to whichever company covers it for the 10 year period (NHBC etc.).
I am waiting for my new build to be built still, I believe that after its being built around a year they come and look for cracks etc that you want them to fix, so it may be that, that the form is regarding. However they are liable for the first 2 years, so you would get a year and a half.
I looked on the NHBC website after I saw your reply and they state if anything is wrong in the 2 years go to the builder.
I may have found the issue... The 10 year warranty provider is Premier and not the usual NHBC, and also, as it's shared ownership, I'm assuming it falls under 'Social Housing' of the below paragraph:
During the first 2 years of cover for New Homes, known as Defects Insurance Period (1 year for Social Housing Warranty cover), if you do find any problems with your home, it will be up to the developer to put things right. Make sure you keep hold of their details once you've bought your home and speak to them about the process of reporting problems.
In this case, I'm assuming there's nothing I can do then...?0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 349.7K Banking & Borrowing
- 252.6K Reduce Debt & Boost Income
- 452.9K Spending & Discounts
- 242.6K Work, Benefits & Business
- 619.4K Mortgages, Homes & Bills
- 176.3K Life & Family
- 255.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 15.1K Coronavirus Support Boards