Structural Warranty Insurance
Insolvency Warranties and Receivership Properties
When a developer or contractor enters administration part-way through a project, the warranty can become invalid. An insolvency warranty is a solution to make sure the property can be sold.
There are instances where the situation is salvageable but often, the incoming developer or contractor will need to factor in the cost of the insolvency warranties to their budget.
Where a developer is looking to acquire a distressed site, it is always advisable to take expert advice on the warranty position, so you are in possession of all the facts before completing.
Insolvency warranties from J3 Advisory
At J3, our advisors work not only with developers but specialist insolvency practitioners and lenders across the UK to arrange suitable warranties that enable all parties to progress and bring about a positive conclusion.
Why use J3 Advisory?
Here are just a few of the reasons why you should consider J3 Advisory for arranging an insolvency warranty on your next project:
We only work with ‘A’ rated, UK based insurers for structural warranties and latent defects insurance. Given that the period of cover for a structural warranty is ten or twelve years, it’s essential to ensure that the insurer’s underwriter holds a financial rating from one of the UK’s ratings agencies. While no one can completely guarantee the solvency of any entity, these ratings provide a robust evaluation of a company’s creditworthiness and give assurance that the insurer is reputable and likely to remain operational throughout the duration of the policy should it need to be called upon.
The structural warranty and latent defects insurance cover we arrange is accepted by leading banks and building societies, which means buyers can obtain a mortgage to purchase a home from you.
A Tailored Service for Developers
At J3 Advisory, we understand the market and recognise that no two developments are the same. That’s why we go beyond simply arranging structural warranties and latent defects insurance. We carefully identify the right insurers for your specific needs, handle all aspects of policy arrangement, and manage queries on your behalf to ensure a smooth process. Our dedicated after-sales service means we continue to support you after the policy is in place, proactively addressing any issues and ensuring everything stays on track, so you can focus on delivering your development with confidence.