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Loss of Deposit Insurance: A Priority for Developers Selling Off-Plan Units

Loss of deposit cover is designed for residential property developers who are selling units off-plan. It provides insurance for purchasers of off-plan units against loss of deposit due to developer insolvency. It is not only a great sales tool for developers but also provides comfort for the purchaser and their solicitor. In the past, property […]

Key Benefits of Performance Bonds

High value construction projects involve high risks for all concerned parties. It can be catastrophic for all parties concerned if the project is not completed to plan. As a result, property and construction companies often need to provide their clients with performance bonds. At London Belgravia Brokers, we work closely with construction contractors and property […]

Case Study: Developer going insolvent & a bank’s efforts to retain and build out their asset

 The Ironworks, Backbarrow 48-unit part complete conversion GDV £11.02m Reinstatement £7.5m London Belgravia were approached by Linchpin Ltd to help acquire 10-year structural warranties on a part-complete site, due to the initial developer becoming insolvent. The developer had been Reno Global Limited and the funder Investec Bank. The sole and main creditor of the company, […]

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