Barn Conversion Insurance is an alternative to a warranty when converting a barn. If you are developing a barn and are going to sell it, rent it or refinance it, a Professional Consultants Certificate could be a wise solution. Most mortgage lenders will lend where the property is covered by a Council of Mortgage Lenders (CML).
These certificates are limited by the professional indemnity cover of the consultants concerned. For instance, when we provide these certificates our cover is up to £3m which will cover most build costs for barns. However, for the majority of consultant’s (such as architects offering an Architects Certificate) their cover is only £1m.
In order to ensure the best price for a structural warranty or PCC on a barn conversion, make sure that you take the policy or certificate out before you start any work on the conversion, and make sure you have, at the very least, the information listed below:
Purchasing insurance from structural warranty providers, or a PCC from BuildSafe, can not only act as a great sales tool for your development by offering prospective buyers peace of mind, but will also enable mortgages to be raised against the property. If you would like more information or a chat about your requirements, please give us a call on 0203 701 0420
Build Safe is a trading name of London Belgravia Brokers Ltd, Registration Number: 9069586 . Trading address is St Magnus House, 3 Lower Thames St., London EC3R 6HD. London Belgravia Brokers Ltd is an appointed representative of Ten Insurance Services Ltd, which is authorised and regulated by the Financial Conduct Authority.
St Magnus House,3 Lower Thames St.London EC3R 6HDUK
020 3701 0422
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