A conversion building warranty from CIR acts like a safety net, providing financial protection against defective materials, workmanship or design. This type of specialised structural warranty is also recognised by a wide panel of major high-street lenders, making selling or refinancing your converted property a smoother process.
With a conversion warranty from CIR, you gain access to our user-friendly online portal. That means less paperwork and more control, with all your policy documents and real-time updates stored in one convenient, digital location that you can access anytime, anywhere. So you can follow your policy from foundation to finish and beyond.
Our 10-year conversion warranties are underwritten by specialist insurers, providing tailored cover for your conversion project. We’re also directly authorised and regulated by the Financial Conduct Authority (FCA) approved by Consumer code for new homes and an Associate Member of UK Finance.
A conversion warranty is a type of structural warranty designed specifically for properties that have undergone a conversion or change of use.
These projects often involve transforming existing structures into something entirely new, like converting an office block into residential flats or a barn into a home, meriting a specialised warranty solution.
Generally speaking, a conversion involves structural modifications to an existing building, which may include adding or removing structural elements.
In contrast, a refurbishment does not involve altering the structure of the property. Instead, it utilises the existing framework to create residential or commercial units.
The short answer is: Yes. Conversions and Refurbishment need a warranty to protect your investment from structural defects, which can be costly to rectify without appropriate cover.
You will also find that the majority of lenders stipulate the need for a warranty from a recognised structural warranty provider if you plan to finance, sell or refinance the property.
At CIR, our chartered surveyors conduct comprehensive evaluations of your development projects, whether they are grade-listed or located within conservation areas. Our warranty ensures robust protection throughout the process.
The definition of a ‘new build’ varies from one mortgage lender to another. Broadly speaking, most lenders agree that a new build is any property that has been built or converted in the last two years.
This will typically involve a change of use and either no prior habitation or limited tenant occupation under continued developer ownership.
CIR offers various types of conversion warranties to suit a range of projects. For instance, if you’ve converted a barn into a residential dwelling, we can provide a barn conversion warranty that protects your investment.
In the case of loft conversions, we can also provide a loft conversion warranty that covers unforeseen structural defects.
Why CIR?
Empowering you with access to all your information guarantees that we maintain the utmost levels of accountability and customer service.
Every email is carefully attended to, each phone call meticulously recorded for our mutual protection, and your documents are freely available to view on our portal at any time.
We are committed to transparency and openness, ensuring you have full visibility into every aspect of our interactions.
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