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If purchasing a newly built property, it is likely to have a ten year building warranty that covers structural defects from a provider such as the NHBC, Premier Guarantee, and Checkmate etc.
It is standard practice during the first two years (post completion), for the construction company to be responsible for correcting any latent defects. After this period (years 3-10), the warranty provider will then provide insurance to cover costs of repairing such damage should any occur.
If purchasing a property off-plan, the building warranty may also include deposit protection which means that a percentage of your exchange deposit is protected in the event that the developer becomes insolvent prior to completion.
For more information, please ask your sales representative or visit either
of the above-stated warranty providers websites.