ICW welcomes UK Finance New Build Warranty guidance

ICW is dedicated to meeting and exceeding the needs of clients and homeowners, and we recognise that facilitating smooth financing is an essential factor in the new homes sector. ICW welcomes the UK Finance guidance for warranty providers which sets out to ensure the highest standards of protection and confidence for homeowners. Importantly, ICW already fully complies with all proposals and obligations outlined in the guidance. 

Furthermore, ICW’s commitment to the financial sector is underpinned by several key factors including:

• As an Associate Member of UK Finance, ICW actively supports and engages with the financial services industry, keeping pace with industry best practices and regulatory requirements and placing the interest of our customers at the heart of what we do.
• ICW only provides A-rated cover, which means our insurance policies are backed by insurers with high financial strength ratings. This provides mortgage lenders and their homeowners with confidence that the warranty cover is secure and reliable over the full term of the policy.
• ICW has consistently held approval from all major mortgage lenders across the UK. This widespread acceptance is a direct testament to the quality and reliability of our new home warranties.
• We operate the CTSI (Chartered Trading Standards Institute) approved ICW Consumer Code for New Homes. This well-established code demonstrates our commitment to consumer protection, going beyond basic compliance to ensure positive outcomes for new homeowners.

• To ensure high build standards of new homes, our technical services team provides nationwide support to builders and developers, backed by a thorough inspection regime.

To find out more about ICW and our market-leading new home warranties, please get in touch with our team today.