Propiteer Ltd turned to 10-year structural warranty specialist, London Belgravia Brokers, to facilitate the sharpest premium for their £27 million residential development in Essex.
Brizes Park is Propiteer’s residential jewel in the crown- A Grade II listed brick-built house originating in 1720 set at the end of a long drive in an estate of approximately 74 acres between Brentwood and Ongar previously used as a private school.
The proposals are to convert the main house into ten luxury apartments whilst respecting the original design intent. The stables and classroom building are converted into smaller homes with either private gardens or courtyards and thirteen additional new build houses. The barn, to the northeast of the site, is to be converted into a substantial detached dwelling complete with private woodland.
Steeped in history, this Georgian mansion is also the former weekend retreat of Sir Winston Churchill and includes the site of one of the country’s oldest recorded moated forts.
Full planning approval is now confirmed, and on completion, Brizes Park will arguably become one of the most exclusive, sought after places to live in Essex.
LBB was appointed to put the structural defects insurance in place by sourcing a 10-year warranty certification to protect against any future structural issues. When the project completes, the 10-year structural warranty will be passed on to the new individual owners of the dwellings.
Senior Broker Tomek Stabrawa assisted Propiteer in arranging the appropriate cover that suited their individual circumstances, allowing them to focus on this unique project.
Paul Warner, Managing Director at Propiteer Homes, said: “We engaged LBB to work with us on this development, as they are a competitive and professional company. They took all our requirements on board and provided a solution that suited our requirements”
London Belgravia Brokers: 10-year Structural Warranty Provider
At LBB, we see our role as an independent advisor who reviews the merits of each scheme to help you make well-informed decisions. Our independence ensures that our experts can access the solutions that best fit your needs without market bias.
All of the warranty providers that we work with are fully compliant with the CML (Council of Mortgage Lenders), backed by A-rated underwriters. We regularly review which warranties meet our standards and the developers’ standards for which we work.