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Posts Tagged ‘self build insurance’

Protek Warranty recognised by Lloyds Banking Group

 Protek_Warranty

 

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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Managing risk on a self build project

A self build project can be one of the most exciting and rewarding experiences you undertake in life, not only in terms of personal achievement, but also in the value you realise through your own efforts. At the project outset, careful consideration will undoubtedly be given to the projects feasibility and its quiet likely you have allowed an element of contingency in the budget for unexpected costs. In this article, were going to look at some of the risks you face that may extend way beyond that contingency. We are also going to look at how you identify and go about managing risk on a self build project using self build insurance.

Managing your self build risk

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Build Cost: Getting it right for self build insurance

There is no doubt that self building is a fantastic way to get your dream bespoke home, whatever the build route adopted. Most self builders know the importance of getting the construction phase of their project insured. However, when it comes to the finer details, it can be difficult to know exactly what’s required. In this article we discuss why getting your build cost right when arranging self build insurance cover on your project can make a huge difference to recovering from a serious loss.

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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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