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Mortgage Glossary
Mortgage Glossary
 
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
N NHBC Buildmark Warranty
What does NHBC Buildmark Warranty mean?

Everybody who purchases a property should ask for a buildmark warranty, which basically is a certificate proving that property you buy is safe and secure from a construction point of view or not. NHBC stands for the National House Building Council and is made up of professional architects and builders who upon completion of the investigative works on the respective property, issue the buildmark warranty.

It is a guarantee released specifically for new/converted houses which are taken under the scrutiny of the professionals whether these meet the structural building requirements NHBC sets.

Depending on the financial limits, there will be insurance offered to you for a period of up to 10 years which protects you against damages and defects in certain parts of the property. Moreover, you will be offered specific coverage in case the builder doesn’t manage to fulfill certain requirements or if he doesn’t finish the construction in time or abandons it. More detailed information on how NHBC works, different booklets and brochures can be accessed online at www.hsbc.co.uk.
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