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New home warranty – CRL Structural Insurance

If you're a house builder, developer, architect, local authority or self-builder you should consider talking to CRL about your new build insurance.

A New Build Insurance is vital for any new build project in order to raise finance, successfully sell on the building and protect everyone involved from potentially large financial losses if something should go wrong with the structural elements of the new home.

There are several good reasons to chat with us, here are just a few of the benefits:

- Competitive premiums

- Dedicated account management

- Flexible underwriting approach

- Peace of mind to developers, funders and purchasers

- CRL cover is a great marketing tool when negotiating a sale or letting

- Covers 10 years from completion date of the property

- No two year developer warranty period - we cover you from day one

For more information on how CRL could help on your project, or for a free quote please get in touch with our friendly team.

Latest Housing News: Starter Homes Plan Expected to Hit Associated Development

The production of affordable rented homes is expected to go down as private housebuilders take advantage of the prime minister’s new planning flexibility to build homes for sale.

David Cameron announced that builders will be permitted to satisfy Section 106 planning requirements by supplying Starter Homes instead of traditional affordable housing on private sites.

These properties, which are sold at a discount of 20% on the market rate, will be sold by the developer, with no involvement from housing associations.

Housing associations usually pay around £65,000 to acquire a Section 106 unit from a developer. It’s a total that’s easily overcome by a Starter Home profit. Approximately 40% of new housing built by associations in 2014 were the result of Section 106 agreements.

A director at an important house builder, who asked to remain anonymous, said that the policy change meant a definite increase in Starter Homes taking precedence over affordable rented homes under Section 106 deals. The policy was welcomed by the Home Builders Federation.

Raven Housing chief executive Jonathan Higgs, who is also vice chair of Placeshapers, a group of over 100 housing associations, said that their programmes have traditionally drawn heavily from Section 106. Going forward, housing associations will have to play the role of lead developer and compete for open market development sites, which will make things more difficult.

This reform comes on the heels of the four-year rent cut of 1%, which was announced in the July budget. The change has already caused housing associations to reduce development plans and produce more homes for sale instead of rent.

Asra chief executive Matt Cooney added that there will always be those who, even with government help, afford to get on the housing ladder. He said that things will get harder for housing associations.

“You are taking away one of the fundamental planks of the affordable housing delivery programme,” he said.

New Charter chief executive Ian Munro said that they still want to provide affordable rented housing, and will use their own resources to deliver, which means that there will be fewer builds.

Specialists in Construction Insurance

Under the changes, councils would not be able to insist that property developers provide affordable rented housing or shared ownership in Section 106 schemes. Mr Higgs said that it would be a shame if local authorities could no longer have a say in how to meet local housing needs.

According to research by Savills, property consultants, a couple on a median income would have serious difficulties affording a Starter Home in around 48% of local authority areas. This would include most of southern England. Chartered Institute of Housing chief executive Terrie Alafat asked about lower income people who can’t afford to buy, even with the help of a 20% discount.

Philip Glanville, Hackney Council’s cabinet member for housing, added that ultimately more homeless families will be forced to deal with private landlords, pushing up the benefit bill.

The Conservative Party did not confirm when the new policy will come into effect.


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