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Precise Mortgages approve Protek Warranty for lending purposes

Precise Mortgages

Precise Mortgages have confirmed the approval of the Protek Warranty for lending purposes.  Protek’s Simon Middleton said “Precise Mortgages are an important lender in the property investor sector and were quick in getting the approval sorted out internally, which was refreshing and really appreciated.” 

STRUCTURAL WARRANTY PROVIDER PROTEK.

Protek Group Limited, part of Lloyd’s broker Lucas Fettes & Partners is a self build insurance and structural warranty provider, specialising in structural warranty or latent defects insurance for the UK.  Our range of structural warranty products are backed by class leading Lloyd’s security. Insuring your next development project with Protek means you will be getting the cover you require, combined with excellent levels of service both on and off the construction site at a price that represents excellent value for money. Our new home structural warranty product solutions include, residential development, retail, mixed use, regeneration, conversion, self-build and custom build. Protek is an associate member of the CML.

Protek is a Consumer Code for New Homes code user.

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For more information on lenders that have approved the Protek warranty or our structural warranty products, please check out the listing on our website www.protekwarranty.co.uk or call Protek on 0333 456 5040.

 

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Protek Warranty recognised by Lloyds Banking Group

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Lloyds Banking Group has declared Protek Warranty as acceptable for its lending purposes, and added Protek Warranty into its Council of Mortgage Lenders’ (CML) handbook, entry part 2, item 6.7.1. The CML handbook provides comprehensive instructions for conveyancers acting on behalf of lenders in residential conveyancing transactions.

Protek, a trading style of Lucas Fettes Limited, provides structural warranties to the UK house building, construction and self build sectors.

“We are delighted that Lloyds Banking Group has added Protek Warranty to their CML entry. Protek is a Consumer Code for New Homes member for its new home warranty product, and this has been very beneficial in us gaining lender approval from Lloyds Banking Group,” said Simon Middleton, who heads up the Protek team.

“Insuring your next development project with Protek means you’ll be getting the cover you require, a high level of service, and a price that represents excellent value for money”, Simon continued.

The Consumer Code for New Homes was established to ensure that best practice is followed in respect of the marketing, selling and purchasing of new homes, and to set expected standards for after sales customer care service. Protek is a Consumer Code for New Homes member for its new home warranty product, which is specifically designed for builders and developers, providing homeowners with class leading new home warranty cover. It includes developer insolvency protection.

 

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Notes to Editors

Protek Warranty is Lucas Fettes & Partners’ structural warranty operation and specialises in 10 year building guarantees or latent defects insurance. Protek’s structural warranty product range is backed by an ‘A’ rated insurer, and has been designed for builders and developers of residential, regeneration and commercial properties

Lucas Fettes & Partners is a national, independently owned insurance and financial services group. The company employs over 200 staff and has a nationwide network of nine offices, catering to both commercial and personal clients.

Contact

Simon.middleton@protekwarranty.co.uk

0845 217 7059

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Market researcher predicts buoyant self build market despite recent slowdown

19 January 2016

Source Self Build Portal

A lead economist is predicting an upturn in the self build market, despite new figures showing minimal growth in the number of planning applications for new self build homes in 2015.

Just under 18,000 were submitted last year, 30 per cent below the historic 2010 peak figure. The latest data from construction industry analysts Barbour ABI also indicates that self build planning applications in 2015 were the second lowest for eight years, with only 2014 faring worse. These figures are more surprising considering the apparent turn-around over the last two years within the housing market.

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Nationwide Building Society confirms Protek Structural Warranty as acceptable for lending purposes.

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Nationwide, the worlds largest building society and their lending subsidiary The Mortgage Works (UK) plc have today confirmed the addition of the Protek Warranty (Protek) to the panel of structural warranty providers acceptable to them for lending purposes. Protek’s Simon Middleton said “This is positive news,  Nationwide Building Society have been diligent in their consideration and undertaken a thorough review of the product, so we are confident it will also be accepted by other CML and BSA members going forward.” Confirmation of the status can be found in both the Nationwide Building Society and The Mortgage Works respective Council of Mortgage Lenders Handbook Entries.

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SELF BUILD INSURANCE & STRUCTURAL WARRANTY

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Protek Group Limited
Eden House,
Enterprise Way,
Edenbridge,
Kent,
TN8 6HF

Tel: 0333 456 8030

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