Bank of England gets rid of mortgage affordability test – ‘stress test’
The Bank of England has removed the mortgage affordability test recommendation from 1 August 2022. Arguably this will make it easier for buyers to enter,
Specialist Insurance Solutions
Offering property developers impartial & connected advice
London Belgravia Brokers provide insurance solutions to global property developers and professionals working within the UK real estate market. We are authorised and regulated by the Financial Conduct Authority so our clients can be assured of the best in market advice at all times.
Our core areas of expertise within the brokerage service include latent defects insurance, performance bonds, insurance backed guarantees, contractors all risk and loss of deposit cover for the UK property market. This array of expertise is spread across all aspects of prime and super-prime residential projects, commercial developments, conversion, and refurbishment projects.
Our Areas of Specialism
Commercial Latent Defects Insurance
Almost 4,500 construction businesses fell into significant financial distress in the third quarter of 2020. This has strengthened the view of lenders and investors alike that any contractor, regardless of age and size, can be at risk in these uncertain times. As such, lenders and investors should look to add as much protection to their investments as possible.
10 Year Structural Warranty
We provide a range of structural warranties for commercial and residential property throughout the UK. These warranties help protect from latent defects that may occur following the practical completion of a build.
Insurance Backed Guarantees
An Insurance Backed Guarantee (IBG) is a guarantee offered by an insurer that will honour the terms of a warranty that the contractor issued. This provides peace of mind to all parties that if any defective works or the contractor ceases to trade, the insurer will honor any valid claims.
Performance Bonds
Performance bonds are commonly used to protect the developers’ interest in a project. The bond guarantees that the value of work will not be lost in the event of contractor insolvency.
Latest Blogs
Help to Build: Equity Loan – A Positive Future Ahead for Self-builders
The Government’s new launch of the Help to Build equity loan is now available, creating an optimistic future for those who have previously been unable
What is Development Exit Finance and what are the benefits?
This article has been written by Josh Levy, CEO Ultimate Finance. London Belgravia Brokers have partnered up with Ultimate Finance who are a leading asset-based
