Solstar recently secured specialist insurance for a client purchasing an 1800s property at auction, with plans to convert it into an 8-bed HMO. The property was vacant at the time of purchase and located in a high-risk flood zone—factors that made it particularly difficult to insure through mainstream providers. The lender’s requirements added further complexity, as they insisted on full flood and subsidence cover, both of which are commonly excluded or restricted in such scenarios due to the property’s age, unoccupied status, and location.

Drawing on their deep expertise and strong relationships in the London Market, Solstar worked closely with a trusted MGA partner to source a bespoke policy tailored to the risk. The policy not only satisfied all of the lender’s requirements, including noting the lender’s interest, but was also competitively priced—demonstrating Solstar’s ability to combine technical insurance solutions with commercial value.

The policy was designed with flexibility in mind, offering seamless conversion to cover the heavy refurbishment phase for a small additional premium. This ensured the property would remain fully protected throughout planning, development, and beyond, eliminating any gaps in cover during a high-risk period.

All aspects of the insurance process were managed in-house, streamlining communication and allowing for direct coordination with both the solicitors and the lender. This proactive, hands-on approach enabled a smooth and timely exchange of documents and gave the client peace of mind that any last-minute amendments could be quickly actioned. In a deal where timing and detail were critical, Solstar’s service delivered both reliability and real value.