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Warranties for Insolvency/Receivership Properties

The Receivership market for residential property is still active and without a 10 Year Warranty the homes will be almost impossible to sell unless the buyers are all paying with cash. We can arrange a warranty specifically for the insolvency practitioner which is fully assignable at the point of sale, providing a comprehensive 10 Year Warranty product and enabling a sale. A specific insolvency warranty can be obtained with the assistance of our professional team, all of whom have previous experience in insolvency warranties and are able to recommend the right policy based on your circumstances and requirements.

Key features of a Structural Warranty for LPA Receivers

A receivership building warranty must satisfy a number of key criteria in order to be accepted by mortgage lenders. have the requisite expertise to ensure that any receivership warranties we recommend meet these requirements and will enable a smooth sale. The key items that these insolvency warranties should include are:

• 10 Year Structural Warranty from Building Regulation Sign Off
• Cover for a wide range of structural defects
• 100% risk transfer for the LPA Receiver or Administrator
• Comprehensive claims service direct to the new home owner
• Competitive premiums
• Cover available for completed, part-completed and individual units in apartment blocks

Obtaining an Insolvency Warranty

From the initial request for a quote to the issue of policy, will be with you every step of the way to offer advice and guidance. The entire process can be broken down into the following six steps:

• Request Completed Housing quotes 
• Comparable market quotations provided
• Payment of survey fees and deposit premium
• Full building survey and review of plans (if applicable)
• Remediation Notice issued, defects can be remediated or excluded
• Policy issued on whole site or individual units subject to approved building regulations being signed off

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