Cash-flow Friendly Finance Facility for 10 Year Structural Warranty Insurance
Posted by BuildSafe1 on 14th July 2021 -
Real estate professionals understand the need for a building warranty and how crucial it is to protect a site. However, they have long been frustrated about the insurer's requirement of paying for the policy in full at inception.
As you begin work on-site, take advantage of our unique finance facility that allows you to secure a building warranty with just 20% of the deposit while financing the remaining 80% in monthly instalments for up to 12 months (depending on the length of the build period).
KEY BENEFITS OF BUILDSAFE'S PREMIUM FINANCE FACILITY:
- Low upfront costs
- Low interest rates, starting at 4%
- Only 20% deposit required
- Maintain healthy cash flow
- Convenient direct debit
A CASH-FLOW FRIENDLY FINANCE SOLUTION:
The example below highlights how premium finance can be a convenient and cash-flow friendly solution to pay for your building warranty:
- Warranty cost: £25,000
- Deposit amount: £5,000
- Ten monthly instalments of £2,080 at an interest rate of 4% (APR 9%)
- * Total repayable: £20,800 (*This example is for illustrative purposes only)
POINTS TO CONSIDER:
- Would the ability to spread the cost of your building warranty over the course of your project have a positive impact on your cash flow?
- Is your choice of building warranty tied to affordability rather than suitability of cover?
- Are there multiple demands on your project’s cash flow that you have to juggle, and having large insurance premiums to settle restricting your ability to be agile and decisive?
If you have answered yes to any of the questions above, please get in touch.
BuildSafe1
UK's largest independent broker of building warranties. Helping property professionals understand & navigate the warranty market while saving them time & upto 30%. We are trusted to deliver by some of the most well regarded developers and house builders.
