Insolvent builders and developers
NHBC arrangements for insolvency practitioners
Where an NHBC registered builder or developer becomes insolvent and an insolvency practitioner is appointed, arrangements must be made with us before any homes registered for Buildmark warranty and can be sold.
For these purposes, the term insolvency practitioner covers receivers, liquidators, mortgagees in possession, trustees in bankruptcy, voluntary arrangement supervisors etc.
We have procedures to cover each of the following scenarios:
- Building work has not yet started
- Work has started but homes are in various stages of completion
- Homes are completely built but unsold
- Contracts to sell the homes have or have not been exchanged
You can find out all about our requirements and procedures in these documents.