IPWS is a unique service providing a specific warranty management solution to new build properties where the developer is in receivership or administration.

The market for new home development has been exceptionally tough and while recovery remains patchy the incidence of business failure is at an all time high.

Insolvency practitioners wishing to complete and sell stock from part-built sites face a warranty dilemma. Generally to obtain 10 year warranty cover (necessary for mortgage approval purposes) provision must be made to manage build defects during the first 2 years following legal completion ( the Builder’s Liability period).

IPWS has been devised to address these requirements and provide the insolvency practitioner with a ‘walk-away’ position. Already operating in this market sector, we have a wealth of experience and resource to tailor our service to your specific needs.

How the service works:

A service contract is agreed between the insolvency practitioner and IPWS. We charge a single fixed-fee per plot to manage the 2 years Builder's Liability Period.

* Fee includes taking/managing all homeowner calls, organising works where necessary through it’s own trade operatives

* Manage the developer’s original sub-contractors

Service delivery is by property warranty specialists After Build

Want to know more?
Call Paul Rose now on 07983 471936
or Email your enquiry to:
ipwsenquiries@gmail.com

     
 

Service benefits:

* Service meets the seller’s [insolvency practitioner’s] warranty requirements, facilitating the successful disposal of all remaining housing stock

* Provides professional structured response to all homeowners reporting legitimate defects throughout
the 2 years Builder's Liability Period

* Service delivery is a capped known cost (per plot)

* Releases Administrator from ongoing issues

* Smart solution creating a ‘walk-away’ position

   
 
 
 

IPWS (Insolvent Property Warranty Solution) is protected by Copyright © 2011