Dan P.’s Post

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Development Funding & Construction Insurance Geek | Structural Warranty | Development Funding | All things construction 🏗️

My favourite types of development to insure are often the ones some of the larger providers don’t like. PERMITTED DEVELOPMENT CONVERSIONS The driving force behind 99% of the purchase of a Structural Warranty is from lenders requiring one on exit; either refinance or sale. This is particularly true on Conversion projects, where lenders are now insisting on a Structural Warranty for a straight Change of Use or Lawful Development, even with limited structural works. At Advantage, we have worked with our Insurers to develop a specific pricing strategy for refurb and change of use projects, ie. projects where major structural alterations are limited and the majority of works are deemed to be cosmetic. This is particularly useful in Permitted Development projects where full planning is not required and there are no structural changes. Making life easier (and cheaper) all around. #permitteddevelopment #propertydevelopment

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Sukanya R.

Business Development Manager at Compariqo.

5mo

and you said my post was boring! yawn....

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