ICW Welcomes UK Finance New Build Warranty Guidance
ICW Group has welcomed new guidance from UK Finance for new build warranty providers, which is intended to secure strong protection and confidence for homeowners. ICW says it already complies in full with all of the proposals and obligations set out in the guidance, recognising that smooth mortgage financing is essential in the new homes market.
The company points to several ways in which it supports lenders and buyers:
• It is an Associate Member of UK Finance, keeping pace with best practice and regulatory requirements across financial services • Its warranties are backed only by A-rated insurers with strong financial strength ratings, giving lenders and homeowners confidence that cover will hold for the full policy term • It has consistently been approved by all the major UK mortgage lenders • It runs the ICW Consumer Code for New Homes, which is approved by the Chartered Trading Standards Institute and aims to secure good outcomes for buyers • Its technical services team supports builders and developers nationwide, backed by a thorough inspection regime to uphold build quality
