Newbuild insurance

My last article for these pages covered the subject of buying newbuild properties and their sometimes complex legal titles. If you choose to buy a newbuild property then your solicitor must ensure that the developer has put in place a newbuild warranty to cover defects in the building. The newbuild warranty guarantees building defects usually for a period of ten years and it can be passed on to new owners of the property during that time.

As the recession has bitten and the number of developments decreased, so has the number of insurers offering newbuild warranties and it is therefore crucial that your solicitor has specialist knowledge of acceptable insurers & policy conditions and good links with lenders and their required insurance conditions.

The residential conveyancing department of The Owen Kenny Partnership has valuable and trusted experience in all aspects of the newbuild market and can take you smoothly along the path to owning your new home. We keep you updated and report to you fully on all legal aspects of your new home purchase and if you are purchasing with the aid of a mortgage we can also deal with the legal aspects of that as we are on all major mortgage lenders’ approved Solicitors’ panels.

Our commercial property department is a major provider of legal services to developers throughout West Sussex. We are known for having a considered, practical, no-nonsense approach in offering our legal services to developers large and small. People know us for looking at the bigger picture and offering added value to the transaction.

For more information please call our conveyancing department on 01243 532777 or our commercial property department on 01243 790532.

Mike Hobbs, Commercial Property Solicitor, The Owen Kenny Partnership