THE IREDD

APPROACH

"...Ensuring a property is 'ready for sale' is ... crucial in challenging economic times... [and leads to] material improvement in transaction times and transaction costs...avoids nasty surprises for either party"


"Readiness for Sale" Investment Property Forum 

The IREDD Methodology
The  IREDD approach maximises the value of existing due diligence information generally across market sectors.
  • Work with clients legal team  to review legal structures and identify and analyse relevant risks in order to ease and expedite real estate transactions

  • Use of "A" rated investment grade insurance to capitalise on existing real estate due diligence so that it can be relied upon by all parties regardless of who it was prepared for 

  • Assess legal structures being adopted - conventional structures may not always be appropriate or necessary and may give rise to additional costs

 

  • Use conventional insurance to provide security of income if possible (ie business interruption/consequential loss) not guaranteed by conventional means

  • Use insurance arrangements to reinforce the legal structures and provide greater financial security

Saves costs and time

 

For all parties – developers, purchasers, funders etc:

  • Minimises the repetition of conventional due diligence processes

  • Increases the security and liquidity of real assets by using appropriate insurance solutions offered by the insurance markets

Example transactions include:

 

  • A single property of any size

  • A portfolio of properties, whether of the same type or varied

  • Dealing with distressed asset and debt portfolios

  • Corporate transaction and group restructuring

  • Infrastructure and renewable energy assets

Click here for more information on the IREDD specialty broker approach

Our remuneration

 

Traditionally insurance brokers are solely remunerated by receiving a commission from the insurer with whom the business is placed. Insurers pay variable rates of commission to attract business from brokers.

 

As a specialist legal indemnity brokerage and insurance service, IREDD works closely with its clients and their other professional advisors to ensure, prior to any proposal being submitted to insurers, all relevant commercial legal and insurance issues are taken into account.  Proper presentation of risks to insurers expedites and enhances the underwriting process for the benefit of the client and is critical to obtaining an acceptable offer of insurance. 

 

Where appropriate, we reserve the right to charge a fee to compensate us for the work we do on the client’s behalf because we believe that it is fairer and more transparent for us to be paid a fee for our service in these circumstances rather than rely solely on commission.

 

We will agree any such fee with the client at the outset and usually this fee is only payable upon an acceptable offer of insurance being received. Our fee is in addition to any commission that we receive from the insurer.

Click here to view our standard terms of business.

Need more details? Contact us

We are here to assist. Contact us by phone, email or via our website.

© 2020 Intelligent Real Estate Due Diligence Limited

Specialist Legal Indemnity Advisers


Intelligent Real Estate Due Diligence Limited (No 0727 9810) is authorised and regulated by the Financial Conduct Authority
Registered Office: Devonshire House, 60 Goswell Road, London, England, EC1M 7AD
Nothing on this website constitutes an offer to provide insurance on any terms mentioned in this document or on other terms

IREDD does not provide legal advice