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J3 Advisory Launches Building Warranty Calculator

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New build warranty providers J3 Advisory, today announced the launch of their online calculator that provides indicative costs of building warranties for new build and conversion schemes. The calculator uses five data entry points to give users a top-level understanding of their warranty cost in just seconds.

The calculator considers the build type, stage of works, sum insured and GDV and shares indicative costs from A-rated insurers. The online tool, designed for property developers, main contractors, and cost consultants, provides an instant guide price on forthcoming structural warranty requirements and offers further insights into the key considerations to keep in mind when arranging your next policy. You can find the free-to-use building warranty calculator here.

Jack Bristow, managing director for J3 Advisory, commented, ‘An online calculator can never replace that conversation with an advisor, but it will allow property people to gain a snapshot guide-price, which will prove invaluable insight during those early-stage discussions on new sites and prospective sites.’

The specialist advisory also added that the calculator was one of a series of steps being taken to invest in technology to improve efficiency and transparency in a broker led LDI market. Other plans include building an end-to-end platform that will allow property professionals to track the status of their cases, from the submission of warranty enquiry to the issuance of final certificates.

Launched by ex-London Belgravia trio Jack Bristow, Johnny Leadsom, and James Mole, J3 has instructed on over 1,500 units and 200,000 m2 of residential schemes across the UK since its launch in November 2021.

J3 Places Insurance on £24M AMA Homes Residential Project

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J3 Advisory was instructed by AMA Homes to place new building warranty insurance on its £24m Belford Road scheme in Edinburgh. The insurance will provide cover for any damage as a result of defective design, workmanship, or materials after practical completion.

AMA has been at the forefront of residential and commercial development in Edinburgh for over 35 years, having converted many iconic properties, and created landmark buildings that have helped shape the city’s architectural landscape.

This insurance will enable the developer to proceed with plans for the redevelopment of the site to 78,000 sq. ft of residential space and 44 car parking spaces on-site and provide a 10-year cover.

Head of business development, Daisy Neall, was able to secure quotes from two additional A-rated insurers, adding to the terms AMA Homes received directly before engaging J3.

J3 Advisory managing director Jack Bristow added, “We’re an ambitious business, and our aim is to advise experienced developers on the best way to insure and fund their pipeline of schemes. There is a very real gap in the market to deliver best-in-class advice on large-scale projects, coupled with full access to the LDI providers. That offering being led by Daisy, who has been on the frontline with developers for more than five years, is a truly powerful offering.”

Murray Faughnan, Architectural Technologist for AMA Homes added, “Having already made enquiries for the warranty on Belford, I was fairly certain our path was set. However, Daisy was composed and confident that she could make a positive impact on our search for the right warranty provider, and she delivered on her promise with aplomb.”

J3 Advisory Overview

J3 was launched to fuse structural defect insurance and funding for the betterment of its clients. In doing so, the team continues to deliver a combined and impressive net result: to save their clients’ valuable time and provide them with peace of mind.

So far, we have placed structural warranty insurance on a number of projects – the more notable cases include a £17m residential scheme in East London & structural warranties on £26m worth of developments across Skillcrown & Epicho Homes.