Tim Doherty
Structural warranties (or building warranties) offer protection against any latent defects in your property’s design or construction. They aren’t mandatory or governed by any statute, but mortgage lenders generally insist you have one. So much so that, even if a relatively new house is sold after the warranty would have expired, not having had one in the first place can blight the property’s appeal and reputation. So, what are they and how do they work?
The basics