
Steady Growth Forecast for the Construction Sector
Despite the adverse implications faced in the current volatile economic climate caused by: Brexit, COVID, the Ukraine war, and increasing energy and oil prices due
Our core areas of expertise within the consultancy 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.
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.
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.
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 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.
Despite the adverse implications faced in the current volatile economic climate caused by: Brexit, COVID, the Ukraine war, and increasing energy and oil prices due
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,
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
London
St Magnus House, 3 Lower, Thames Street, London, EC3R 6HD
Email: info@lbb.london
Telephone: 0203 701 0422