A few months after the completion of a new build property it became apparent that faulty material or poor workmanship was causing a structural issue on a property (like risk of a wall collapse or leaks) it would require urgent repair or rebuild work to put this issue right.
Because the issue was identified months after the completion of the new build (even though it’s been present the entire time), it would be classed as a latent defect.
In this circumstance the home or commercial property owner would be able to claim on their insurance to get the problem fixed without paying out of their own pocket.