CRL & Alpha Insurance Alternative Solution

Due to the unfortunate demise of Alpha Insurance, many people who had a CRL Warranty backed by the company now find themselves in a position where they have no level of cover in place. Of course, this is an issue as their building is now no longer protected. This can mean that any potential sales or purchases can’t be completed and leaves many deals struggling to get over the line. In line with regulations, solicitors and lenders will not accept any warranty where the insurer is in liquidation, as is the case with Alpha Insurance.

Here at Architect’s Certificate, we offer a CRL Warranty alternative so that you can quickly find a solution. In a short space of time, we’ve been able to provide expert assistance to many developers, contractors and property owners that require an alternative solution. This, in turn, helps them to refinance or sell their property entirely without a hitch.

As part of our excellent service, we can offer a Professional Consultant Certificate. This PCC is a CML certificate and is now known as a UK Finance approved Certificate. This gives a bank or lender the assurance that a property that has been newly build or recently converted has undergone the necessary checks to ensure that the plans are safe and approved by the relevant parties.

If this is not the case, then a lender will not sanction any kind of loan, as they cannot be 100% sure that your project is safe and made to last. This kind of certificate can be issued at any point in the process, and also has a significant benefit in terms of cost. So much so, it is normally 50% cheaper than a structural warranty whilst providing the same benefits.

We understand that the liquidation of Alpha Insurance may have been a serious inconvenience when it comes to obtaining warranty for your building or project. This is why you’ll be glad to know that we can work quickly to issue your certificate in a matter of minutes once a site inspection has been completed. You needn’t worry about any more disruption, as you can get back to refinancing or selling your property as soon as possible.

If you’d like to know more about this alternative warranty solution, our team are on hand to help today. Call us on 0161 928 8804 or email us at info@architectscertificate.co.uk for a response from one of our experts. You can also fill out our online enquiry form and we will be sure to get back to you as soon as possible.

Published Date: 5th November 2019
Category: Uncategorized



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