What is an NHBC Bond?

NHBC (National House-Building Council) is the leading warranty and insurance provider and standards setter for UK house-building for new and newly converted homes. As a non-profit distributing company, it reinvests all income in achieving its primary purpose; improving quality in housebuilding to protect homeowners.

NHBC marks its 75th anniversary in 2011, celebrating three quarters of a century of raising standards in UK house-building to protect homeowners.

Three quarters of a century of experience allows NHBC to shape UK housebuilding. By setting standards and inspecting new homes, and by providing industry feedback and training, NHBC drives continual improvement.

NHBC Buildmark warranties now cover over 80 percent of new UK houses; 1.7 million homes are protected currently. Nearly seven million homes have benefited so far, representing over 30 percent of the UK housing stock, giving homeowners assurance and redress on occasions when things go wrong.

If a contractor or developer wishes to join in the NHBC programme they have to give a Financial Guarantee to the NHBC this can be in a reserved cash fund or a Bond to cover NHBC Guarantees issued against the preperties within the programme.

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