36 FINANCE INSURANCE & SOFTWARE; HEATING AND VENTILATION
mean there is now no profit left in the project for the developer. It is absolutely essential in today’s
market that both the developer and lender heavily stress test the financials of a proposed project to ensure the project is viable and profitable in the event adverse factors occur. Some simple ways of doing this are as follows: • Commission an independent build cost report from cost consultants and take into account how these would look against a range of adverse market projections.
• Commission a ‘redbook’ valuation on the residual price that is being/has been paid for the site/building and what the projected end value(s) of the completed development will be. • Obtain a few local agents’ opinions on the end value and demand, so local knowledge has been factored in not just via the redbook. • Stress test the financial appraisals to allow for a flexing of both a decrease in value and rise in costs, individually or together, to assess viability in adverse conditions.
Ben Lloyd is managing director at Pure Commercial Finance
Housebuilder & Developer website
Exclusive insurance cover designed specifically for housebuilders and contractors.
Speculative developments covered right through to property sale
Public liability for land purchases at no extra cost
Show house contents cover included
Wide insurance cover for both existing and completed structures
No working at height or depth restrictions
No underground services conditions
MPW is a chartered insurance broker. Our specialist construction team also offer a range of insurances, including:
• 10 year CML approved building warranties • Professional indemnity • Legal indemnity covers • Performance bonds
To arrange insurance for your project contact our construction team at:
construction@mpwbrokers.com 01622 683913
www.mpwbrokers.com MPW Insurance Brokers Limited is part of Clear Insurance Management Ltd and is authorised and regulated by the Financial Conduct Authority. This is a marketing communication.
WWW.HBDONLINE.CO.UK
The Housebuilder & Developer (HBD) website is an online provider of past and present products and news items for the housebuilder and developer.
hbdonline.co.uk is a one-stop source for all the latest press releases providing any visitor with access to information about products and services that they may require. From the website, you can find links to digital issues that have live
links to advertisers’ sites, as well as daily email alerts to keep you as informed as possible.
www.hbdonline.co.uk Don’t be floored by underfloor heating
What if the heat source changes? Wundatherm works with boilers and future heat sources. Can it be controlled? Wundatherm can be turned on/off, up/down at any time. Will it work in retrofit properties? Wundatherm works in retrofit and new properties. Will it damage floors? No, Wundatherm runs at 35–45°C which protects floors. Does it work
with all floor finishes? Wundatherm works with carpets, vinyl, laminate, ceramic or stone tiles. Can systems leak? No, the pipes have no joins so no weak spots for a leak to start. Read more from the Wunda Group at
www.hbdonline.co.uk/news/dont-be-floored-by-underfloor-heating
plans@wundagroup.com
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52
