Structural defect warranty

mff369

Hi,
As a developer where do I stand in regards that I bought Structural warranties through CRL/ALPHA.
I sold two houses in 2017 & wondered following Alpha going into liquidation am I still liable to provide new cover for the owners who have received a small cheque from FSCS.
I obviously took out the cover in good faith.

Doozergirl

I don't see why you would be.

You provided it at the time in good faith. There's no legal requirement to have one or ensure that the providers don't go bump - obviously you wanted one to be able to sell to people needing a mortgage, but I can't see how your legal obligations would go beyond any other normal house transaction - ie. the buyer buys the house as-is; it's their job to do due diligence at the time and caveat emptor still applies as long as you (the vendor) don't lie.

pinkteapot

Agree with Doozergirl, unless you had a strange clause in your contracts promising to ensure a warranty remained in place for the full 10 years.

You advertised houses with a 10 year warranty and supplied a 10 year warranty. We're in the process of buying a new build and are aware of the risk of the warranty company going bust in the future. I wouldn't have dreamed of the builder being liable for that!

If your buyers have come back to you and are having a moan, I'd politely tell them to go away. They're chancing their arm.