J3 Advisory has launched a finance facility that allows property professionals to secure their building warranty with no deposit and spread costs over the build period.
The insurance and property finance specialist says the facility – aimed at UK SME developers, contractors and housebuilders – allows for the procurement of building warranties for new build, social housing, BTR and conversion projects with no deposit and the option to spread the cost of insurance premiums over up to 12 months.
Jack Bristow, J3 managing director, said: “We are excited to offer this finance facility to our clients. It comes at a crucial time for SMEs when now more than ever those business owners need an insurance and funding partner who can take a holistic and flexible view to providing finance for the risks of today and address the changing market needs.
“The finance facility offers opportunities for improved cashflow, a fixed interest rate for the duration of the facility, but also corporate tax relief, and access to an additional line of credit.”
Since its launch in November 2021, J3 has instructed on more than 2,500 units and 220,000 sq m (circa 2.3m sq ft) of residential schemes across the UK.
