NHBC Bonds
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.
If a contractor or developer wishes to join in the NHBC programme they must 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 properties within the programme.
What We Require:
Provide us the details of the Contract which is the subject of the NHBC Bond requirement, including Bond amount and period for which it will be required, together with a completed application form plus:
- A copy of the NHBC Bond wording
- A copy of your last published accounts (if you are part of group then consolidated group accounts as well)
- A copy of your latest management accounts (up to the nearest quarter)
On receipt of this information, the NHBC Bond application will be submitted to our panel of underwriters for their consideration. Our underwriters will review the applicant’s financial strength, their historic trading performance comparative to the underlying obligations of the Bond. Upon successful underwriting, we should be able to offer competitive non-binding indications of terms, as quickly as possible.
Once the applicant has accepted our terms and provided any additional information requested, we will send out the security documents for execution (such as deed of counter indemnity) and an invoice for the premium.
Following receipt of the completed paperwork and premium, we will issue the NHBC Bond
Contact us
Enter specific details regarding your interests and we will get back to you as soon as possible with a quote.
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Founded
Nationwide Sureties Ltd has been the #1 provider of Bonds & Guarantees for over 23 years
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Client Satisfaction
We provide fast & professional solutions for your Bond requirements
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Underwriters
Access to the whole surety market of highly qualified underwriters who can consider all of your Bonding.
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Value of Bonds
We have arranged and issued over £500 million worth of bonds and guarantees, increasing daily
Advanced Payment Bonds
An Advanced Payment Bond is a guarantee, supplied by the party receiving an advanced payment, to the party advancing the payment.
Road & Sewer Bonds
Road & Sewer Bonds are required by a Local Authority or Water Authority, they cover the Council or Water Authority if they need to construct/repair the Road or Sewer.
Performance Bonds
A Construction Performance Bond is a guarantee, typically with a value of 10% of the contract price and is designed to offer protection to the beneficiary.
Retention Bonds
A Retention Bond will provide the employer with the same level of comfort as the retention, but the contractor / has the benefit of retaining the cash.
Nationwide Sureties are Performance Bonds, Construction Bonds and Advanced Payment Bonds.
Nationwide Sureties Ltd – Established for over 23 years as Performance Bond Specialists.
We are the longest, largest and most successful specialist independent surety bond brokers. We have a panel of 20 plus expert underwriters capable of tackling every requirement.
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