J3 Advisory has placed structural warranty insurance on £26m worth of new project commissions from South East residential property developers, Skillcrown Homes & Epicho.
The pair commissioned J3 to arrange insurance on a collection of projects, which will deliver affordable flats, shared ownership apartments, and luxury homes.
Jack Bristow, managing director at J3 Advisory, explained: “This partnership with Skillcrown & Epicho is a real commendation of our ability to organise the very best and most appropriate structural warranty insurance for developers, no matter how diverse the clients’ portfolio. There is a large cross-section of insurers offering structural warranty solutions, so the need for specialist knowledge and advice is vital in ensuring developers get the right cover for each site.”
Salik Osman from Skillcrown homes added: “We appointed J3 to arrange our latent defect insurance as the team brings a wealth of experience to the table. As each development is different, each site needs to be insured on its own merits. J3 worked hard to truly understand our business, ensuring each is covered by the ideal insurance. We have added peace of mind knowing that J3 only works with A-rated insurers.”
The projects include a six-storey building with 22 shared ownership apartments and commercial space on the ground floor, which is being constructed on behalf of PA Housing. Construction is set to complete in April 2023.
The second scheme comprises of nine new luxury homes in a gated residential development in Westerham. The new properties will include three bungalows and six detached houses, all finished to a high specification with luxury fittings and fixtures, private gardens, and parking spaces. Work is already underway on the project and is due to be completed next year.
With an ever-changing list of warranty providers and underwriters in the latent-defect space, the need for independent and up-to-date advice has become an essential tool for today’s property professionals.
Structural Warranty Insurance from J3 Advisory
J3’s advisory service enables UK property professionals to navigate the insurance and funding markets with ease. We’re continually growing our network across the insurance and lending landscape to create a mutually beneficial ecosystem for our clients to discover and access the whole market.
Having spent more than twenty years working between both insurance and finance markets, J3’s leadership team witnessed first-hand how these two disciplines, which should interlink, are instead fragmented and disconnected.
To solve this, J3 Advisory has set out with the mission to enable regional developers, SMEs, and property professionals across the country to make better decisions faster.