Demolishing and rebuilding an existing house is a great way to create a self-build project, especially in the countryside where good plots are scarce. But the economics of demolition and rebuild can be unattractive, unless you can build a much larger house than the one you’re demolishing.
As well as complying with the requirements of the relevant Building Regulations and other relevant Regulations and Codes of Practice, all new and converted structures benefiting from any Build-Zone warranty must meet the standards required by Build-Zone for the issue of a structural warranty.
Developer insurance is designed to provide cover for small-to-medium new build housing developments with a professional reinstatement cost up to £1.5 million; and larger projects on referral. Developer insurance is suitable for renovation, conversion as well as extension projects on existing properties.
FSCS have announced they will compensate Alpha Insurance latent defect premium insurance policyholders following the collapse of the deal arranged by BCR Legal Group Ltd to provide replacement cover for Alpha’s 10-year latent defect/structural damage insurance policies.
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