J3 Advisory launches zero deposit finance facility for building warranties

J3 Advisory has introduced a finance facility that allows property professionals to secure their building warranty with no deposit and spread costs over the build period.

The offering enables the procurement of building warranties for new build, social housing, BTR, and conversion projects with no deposit and affordably spread the cost of insurance premiums over up to 12 months, the property finance specialist said.

According to J3, the facility is aimed at SME developers, contractors, and housebuilders – it will enable clients to unlock working capital and re-allocate finances to other areas of the business amid rising costs.

Jack Bristow, managing director at J3, said: “We are excited to offer this finance facility to our clients. It comes at a crucial time for SMEs when now more than ever those business owners need an insurance and funding partner who can take a holistic and flexible view to providing finance for the risks of today and address the changing market needs.”

“The finance facility offers opportunities for improved cash flow, a fixed interest rate for the duration of the facility, but also corporate tax relief, and access to an additional line of credit.”

Johnny Leadsom, co-founder and director at J3, added: “As a forward-thinking business, we continually strive to find new ways to improve our support and offer creative and agile funding solutions to our clients.

“We look forward to seeing the success of our new finance offering as we help more developers and housebuilders access finance and confidently achieve their strategic goals.

“There really has never been a more important time to have the option to offer clients instalment facilities."

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