Santander have became the first bank to add the Q Policy to the acceptable warranty schemes listed in it’s Part 2s of the CML Handbook. The Q Policy is no ordinary warranty scheme. In fact it is a an alternative to the traditional 10-year warranty scheme. In essence it is New Build property insurance for latent defects. More information of the Q Policy can be found here . There is still a quality assurance element to the scheme as before issuing the policy as the company guarantees developers and builders that they will provide a minimum of eight site visits during the build phase. Key features for the The Q Policy for Residential Properties include : Insurance Product offering Lifetime Property Cover 6-month Developer Liability Period Single point of recovery for Policyholders - they deal with Q direct from Day One of cover Minimum of 8 inspections per plot Loss of Deposit Cover available Snagging Service available Cover automatically included fo...
This blog is for CQS accredited firms in England and Wales. Including topics like the Conveyancing process, Conveyancing Policy Templates and Conveyancing case law. As it contains everything about conveyancing and conveyancers it should be of particular interest to property lawyers and property solicitors, as well as COLP and Compliance Managers.