J3 was commissioned to arrange latent defect insurance on a collection of projects, which will deliver affordable flats, shared ownership apartments and luxury homes.
Insurance and structured finance advice firm J3 Advisory has advised on latent defects insurance for £26m of new residential development projects from Skillcrown Homes and Epicho Homes.
J3 was commissioned to arrange latent defect insurance on a collection of development projects, which will deliver affordable flats, shared ownership apartments and luxury homes.
The projects include a six-storey building with 22 shared ownership apartments and commercial space on the ground floor which is being constructed on behalf of housing association, PA Housing.
The second scheme comprises nine luxury homes in a gated residential development in Westerham, including three bungalows and six detached houses.
Jack Bristow, managing director at J3 Advisory, said: “This partnership with both Skillcrown and Epicho is a real commendation of our ability to organise the very best and most appropriate latent defects warranty for developers, no matter how diverse the client’s portfolio.
“There is a large cross section of insurers offering structural warranty solutions, so the need for specialist knowledge and advice is vital in ensuring developers get the right cover for each site.
“Since we’ve launched, we’ve been taken aback by the tremendous support from our clients and partners.
"We’ve already been commissioned to work with a number of prestigious developers and housing associations on a range of exciting residential and mixed-use projects.
“Skillcrown’s projects are absolutely our area of expertise; we can save developers time and provide them with peace of mind through our pragmatic, common-sense and unconflicted advice.”
Salik Osman, managing director at Skillcrown Homes, added: “We appointed J3 to arrange our latent defect insurance as the team brings a wealth of experience to the table.
“As each development is different, each site needs to be insured on its own merits. J3 worked hard to truly understand our business, ensuring each is covered by the ideal insurance.
"We have added peace of mind knowing that J3 only work with A-rated insurers.”