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New Build Conveyancing – The NHBC Insurance Certificate

Our new build conveyancing team find that most mortgage lenders will not release funds for the purchase of a new home until NHBC has issued a cover note.

Following their final inspection and on the basis that they are satisfied with the standard of construction of the property, the NHBC’s inspector will issue a cover note and hand it to the developer. The developer should pass the cover note on to their conveyancing solicitor to pass on to the buyer’s conveyancing lawyer as soon as possible, in order to avoid any delay in the release of funds in time for completion of the new build conveyancing.

Immediately following the issue of a cover note and receipt of a completed Acceptance Form, NHBC will issue a Buildmark Insurance Certificate.   NHBC will not issue the Buildmark Insurance Certificate until NHBC receives the Acceptance Form, fully completed.   Conveyancing solicitors should therefore ensure that this is attended to promptly.   The Buildmark Insurance Certificate may also include a Final Certificate issued where NHBC’s subsidiary NHBC Building Control Services Limited has acted as Approved Inspector for Building Regulations .

Once the Buildmark Insurance Certificate has been sent to the buyer’s conveyancing solicitor the original should be sent to the purchase for safekeeping (the Buildmark documents are not to be sent to the lender, filed away or sent to a third party unless the purchaser specifically requests it). New build conveyancing solicitors should be familiar with this. The purchasers should retain a copy for their own files.

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