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Tag: GUARANTEE
GUARANTEE
NHBC 10 year guarantees explained
The 10-year NHBC (National House Building Council) guarantee, also known as Buildmark cover, is a warranty and insurance policy provided for newly built homes in the UK. This guarantee offers homeowners protection against certain defects and issues that may arise in their property. Here’s a detailed explanation of what the NHBC guarantee covers and how… Read more
What is a limited liability guarantee mortgage?
A “limited liability guarantee mortgage” is not a standard term in the mortgage industry. However, based on the context and common mortgage terminology, it might refer to a specific type of mortgage arrangement or structure that involves limited liability and guarantees. Here’s a breakdown of what this term could potentially entail: Limited Liability Company (LLC)… Read more
Labour to introduce mortgage guarantee scheme
As of my last update in 2023, the Labour Party in the UK has proposed the introduction of a mortgage guarantee scheme aimed at helping more people, particularly first-time buyers, get onto the property ladder. Here’s an overview of the proposed scheme: Overview of the Mortgage Guarantee Scheme The proposed mortgage guarantee scheme by the… Read more