NHBC company gone bankrupt

[whimbrel]

As the title suggests, the company that provided the new house build certificate for my house (not actually NHBC) but apparently equivalent, has gone bankrupt, so the certificate is now invalid. Is it illegal to not have this cover if I have a mortgage? Can I sell without it?

I don't see why the certificate is invalid. There are essentially 3 providers of these certificates and they guarantee the build.

www.resolver.co.uk/consumer-rights/nhbc-builder-gone-bankrupt-complaints

We had that and got new insurance

Cdtaylornats I'm a bit confused as the company that provided the warranty went bust, so maybe the certificate is still ok, but I just couldn't make a claim, but it would still be ok for my current mortgage? I have no idea how I can find out. As far as I could see, the link you posted was for a house builder going bust, not the warranty company. They were called Alpha and were on a par with NHBC.

@Bringonspring Did you manage to get new insurance cover including latent defects or just a PCC (architects certificate) - do you know who it was with and the kind of costs involved?

When Alpha went under you were covered by FSCS in the short term. I believe that cover has expired. You may have to buy a fresh insurance policy if you want to sell. Even then, your buyer may face the problem that not all lenders will accept the replacement policy.

At the time Alpha went under home owners were advised to take out fresh insurance. Unfortunately, that may involve having to pay for a structural survey. As you haven't taken out a new policy you may be in breach of the terms of your mortgage.

If you were the first owner of the house you should have been contacted by FSCS about a refund of the premium. If you haven't heard from them and believe you may be entitled to a refund you need to submit a claim via administration.topdanmark.dk/alpha-insurance/return-of-premium.

Prh47bridge thanks for your input. I've been doing some research and waiting for my lender to get back to me about whether I need to replace the insurance from their POV. Then trying to get my head around the differences between a SDW, LDW or a PCC. And whether I could get something retrospectively which would be acceptable if I came to sell the property or remortgage. And whether it would be worth it, if it's not necessary for my current mortgage. I'm wondering if an indemnity policy might be an option also, but I'm really not familiar with all this so am going to speak a solicitor to see if they can help. I'm really out of my comfort zone here!