What is a structural warranty provider?

A structural warranty provider is a insurance operation that has been specifically approved for mortgage lending purposes by either UK Finance or the Building Societies Association.  The provider will be listed in the Lenders handbook (UK Finance) or Mortgage Instructions (Building Societies Association).

The term Structural Warranty Provider should not be confused with Structural Warranty Broker. A broker is an intermediary that provides advice on the structural warranty products available. A broker usually charges a fee or commission for doing so.  

It is important to choose a provider that is authorised to provide insurance in the UK. They should also subscribe to the Financial Services Compensation Scheme (FSCS). In the very unlikely event of the insurers demise, the FSCS offers the best outcome for the consumer who’s home is being insured. Using an unregulated overseas insurer does not provide the same level of security.