Who Benefits and How

Banks, Building Societies and The Council of Mortgage Lenders have certain basic requirements that warranty providers and insurers must adhere to. Beyond these general benefits there are many reasons why you would chose one provider over another, as well as certain membership conditions that may or may not “fit” with your business model or approach.
​

Developers & Builders

General Benefits

• Make your build “sellable”, allowing buyers to secure a mortgage against a property​​
• Independent on-site inspections of design and workmanship allow you to demonstrate quality assurance to purchasers​

​Additional benefits available from selective suppliers

• "Loss of Deposit” cover can be sourced to allow “Off-Plan” sales
• Flexible payment terms to help cash flow
• “No Registration” options preclude the need for expensive security payments
• Subrogation Waivers available to ensure full risk transfer
• Consumer Code™ compliance​

Housing Associations & PRS/"Build-To-Rent" Operators

General Benefits

• Independent on-site auditing of the contractor's work ensures defects are minimised and provides peace of mind
• Happier and safer tenants
• Asset protection and cover against potentially huge repair costs

Additional benefits available from selective suppliers

• “Loss of Rent” or “Business Interuption” cover
• Modern Methods of Construction (MMC) approval and checking
• Lifecycle costing and maintenance scheduling
• Component Cover including M&E, HVAC and non-structural elements​

Funders & Investors

General Benefits

• Investment/Asset protection - covers against potentially huge repair costs
• Negates the need for traditional collateral warranties
• Enhances your offer to potential commercial clients
• Enhances future sale and refunding opportunities​

Additional benefits available from selective suppliers

• “Loss of Rent” or “Business Interruption” cover
• Full Risk Transfer and All Party Cover
• Flexible payment terms​

Contact Foxwood