London Belgravia Brokers (LBB) assisted in arranging structural defects insurance for a £27m residential development in Buckinghamshire
LBB provided structural defects insurance for Burnham Court, a new development by Chancery, part of the Octagon Group of Developments.
About the project
Burnham Court is a collection of 58 properties that offers contemporary one and two-bedroom apartments through to three-bedroom townhouses with private gardens.
The homes are a short walk from Burnham train station, which runs a regular 36-minute service into London Paddington.
A furnished show home and the first completed properties will be launched in March 2021.
The development required a warranty that offered would-be purchasers and their mortgage provider, peace of mind that the project is structurally sound and sufficiently protected.
In order to reassure their clients and provide a comprehensive service, Chancery contacted London Belgravia to arrange a new homes warranty for their latest development. Covering the build for 10 years from practical completion, these types of warranties give the developer and their clients’ ultimate peace of mind.
Structural warranty expert, Tomek Stabrawa was able to obtain multiple quotes, all with commercially attractive terms together with competent and compliant technical services.
In addition, the Chancery team reported a very positive experience with the after-sales & administration team as well. All documentation was available quickly after completion to allow refinancing and sale of the homes.
Commercial director Jack Bristow, said: “We are delighted to again be working with Octagon – this time on their new brand, Chancery, and their first development in Burnham Court.
“Having worked with Octagon’s luxury and bespoke divisions, we are well versed in how they operate and the high standards they expect across the board.
“Tomek has done an exceptional job alongside our after-care team to ensure that we provided appropriate cover with attractive commercial terms and then delivered a smooth process all the way through to the issuance of the final certificates.
“We’re already looking forward to working with Octagon on their next stand-out development”.
London Belgravia Brokers: Structural defects insurance 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 give you access to the solutions that best fits 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 and we regularly review which warranties meet our standards and the standards of the developers for which we work.
If you have a project you wish to discuss, give call 020 3701 0422, fill in our enquiry form.