NHBC "Buildmark" Building Guarantees
Morgan Dakin Homes constantly strives to improve on the service and experience that its customers receive and, with that in mind, all of our new homes are covered by a NHBC 10 Year Buildmark Guarantee. The "Buildmark Guarantee" offers our home owners complete peace of mind and confidence in the quality of construction and practices adopted in the development of their new home.
Below you'll find some of the most commonly asked questions regarding "Buildmark Guarantees". Further information can also be gained by either contacting us directly or by visiting the NHBC website www.nhbc.co.uk.
Some frequently asked questions...
What is the NHBC?
NHBC is the UK’s leading warranty and insurance provider for new homes. Established in 1936, NHBC sets standards for its registered house builders and works to improve the construction quality of the homes they build. This is ultimately for the benefit of homeowners. It is a non-profit distributing organisation with no shareholders that dedicates resources and technical expertise to support the industry in raising the standards of new homes. The NHBC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
How does NHBC check that my builder complies with the Standards?
During the construction of every new home, NHBC Inspectors carry out inspections to satisfy themselves that the homes conform to the NHBC Standards and are an acceptable risk for the "Buildmark" cover. An Inspector will visit each property at various stages to check the elements that you would normally not see, for example the foundations, the superstructure and damp proof course, drains, roof construction and bracing and the cavity wall insulation.
What are NHBC Standards and who sets them?
NHBC Standards are the definitive standards for house construction and conversion in the UK and have been developed over many years. They are set by a committee representing all relevant organisations interested in improving the quality of new and converted homes. Builders, consumer organisations and professional institutions are represented on the committee. They take into account the Building Regulations, British Standards and NHBC's own claims record of defects. NHBC believe that prevention is better than cure, so the Standards are continually improved to minimize defects.
Why do I need cover on my home?
When you buy your new home you will need cover like Buildmark to help you secure a mortgage. Mortgage lenders prefer to lend on homes that have this type of cover because they know the home will have been built to specified standards of construction. If you are buying a converted property your lender may not require you to have cover. However, if you choose a converted property with Buildmark you will know that NHBC has carried out a technical investigation of the property to check its viability and that you have protection if problems arise.
What does "NHBC registered builder" mean?
Only builders and developers who can demonstrate financial security and technical competence can be registered with NHBC. They must demonstrate knowledge and competence in house building and construction and undergo a strict practical assessment, they must also agree to follow the NHBC Rules and to build homes to the NHBC Standards of Construction.
Who pays for the Buildmark Cover?
The cost of "Buildmark" is included in the purchase price of your new home. Your builder pays the premium directly to NHBC. The premium is based on a scale of charges relating to the sales value of each home.
What if I sell my home before the ten years expire?
If you sell your home while "Buildmark" is still in force, the benefit of the rest of the cover automatically transfers to the new owners. You should pass the "Buildmark" documents to the new owner.