J3 Advisory, the structural warranty insurance and structured property finance specialist, is offering a unique finance facility that allows property developers to secure their building warranty with no deposit and spread costs over the build period.
The innovative finance facility enables the procurement of building warranties for new build, social housing, BTR and conversion projects with no deposit and affordably spread the cost of insurance premiums over up to 12 months.
The offering, aimed at UK SME developers, contractors and housebuilders, will enable clients to unlock working capital and re-allocate finances to other areas of the business amid rising costs.
Building warranties are a mandatory expense, but this additional line of credit turns a prepaid essential expense into working capital at a time when cash flow is critical.
J3 Advisory’s managing director Jack Bristow, said: “We are excited to offer this finance facility to our clients. It comes at a crucial time for SMEs when now more than ever those business owners need an insurance and funding partner who can take a holistic and flexible view to providing finance.”
The finance facility offers opportunities for improved cash flow, a fixed interest rate for the duration of the facility, but also corporate tax relief, and access to an additional line of credit.
Johnny Leadsom, co-founder and director of J3, added: “As a forward-thinking business, we continually strive to find new ways to improve our support and offer creative and agile funding solutions to our clients. We look forward to seeing the success of our new finance offering as we help more developers and housebuilders access finance and confidently achieve their strategic goals. There really has never been a more important time to have the option to offer clients instalment facilities. ”
Launched by ex-London Belgravia trio Jack Bristow, Johnny Leadsom, and James Mole, J3 Advisory has instructed on over 1,500 units and 200,000m2 of residential schemes across the UK since its launch in November 2021.
Recently, J3 launched a free-to-use Building Warranty Calculator to allow developers to get an understanding of their expected warranty costs in a matter of seconds, with no commitment. The team will then be on hand to help housebuilders take the next step and find the right policy for the project.
Source: Show House News
