I still often hear the common misconception that all a broker does is introduce a client to a lender and charge a fee. This, however, could not be further from the truth in most cases where the broker is paid by results for development funding…

In recent cases I have had to do work that should have been done by everyone from the client to solicitors and even the architect.

This has included:

Negotiating the terms of a title indemnity policy with the insurer (as the clients solicitor did not understand what was needed, as they had never visited the clients site even though it was only 2 miles from their office).

Obtaining proof from building regulations that a client could start a project from 2 yrs ago.

Getting proof from planning that a client had satisfied pre commencement planning conditions when the building is well out of the ground.

Obtaining proof of all risk policies from contractors and having lenders interests noted.

Being on site visits where the surveyor sent reports that made no sense.

Checking plans on land registry to find correct title information.

Acting almost as a "marriage guidance" between solicitors, clients, contractors, and all other connected parties.

If this all seems like a lot of work and you require any development funding please feel free to contact me [email protected]

Attributed to Martin Powell of Heron Way Group