Strathearn Insurance Enters into Agreement with 7th Heaven Properties
http://www.caribbeanpressreleases.com/articles/8129/1/Strathearn-Insurance-Enters-into-Agreement-with-7th-Heaven-Properties/Page1.html
By S Coward
Published on 01-Mar-11
March 1, 2011 - 7th Heaven Properties, the UK’s leading Caribbean property website, has
entered into an agreement with Strathearn Insurance to supply their
clients with an Assurance Scheme for Caribbean Property Purchases.
March 1, 2011 - 7th Heaven Properties, the UK’s leading Caribbean property website, has
entered into an agreement with Strathearn Insurance to supply their
clients with an Assurance Scheme for Caribbean Property Purchases.
Strathearn Insurance
solutions allow property investors, buyers, vendors and developers
greater flexibility and security when acquiring or selling their wide
range of Caribbean developments.
They include:
- Deposit Insurance:
Indemnifies the Buyer for any cash deposit or stage payments made on a
property purchase in case of the property Vendor’s/Developer’s failure
to deliver due to insolvency or bankruptcy.
- Deposit Bond: An
alternative to making a cash deposit in off-plan real estate
transactions. It reduces the financial burden for the buyer while
providing the vendor with the guarantee that any bonded amount is
secured by the insurer in case of buyers default.
- Equity Bond: A
payment facility allowing buyers to defer by an agreed time period a
percentage of the purchase price when acquiring existing properties and
guaranteed by the insurer in case of buyers default.
These solutions, which are supported by selected insurers with superior
financial strength and claims paying ability, can be used alone or
together in both residential and commercial real estate transactions.
More comprehensive details can be found on the Strathearn Insurance website.
Lucas Zachara, Managing Director for Strathearn Insurance, has commented on the news stating:
“Strathearn Insurance solutions make the property transactions
easier, faster and more secure. By working with 7th Heaven Properties,
we can offer a win/win situation for all parties, contribute to the
creation of a safe transactional environment for the Caribbean property
Buyers and Vendors while providing innovative tools and incentives to
help them structure the financing of their property acquisitions.”
Founder of 7th Heaven Properties Ltd Walter Zephirin also commented:
“We are thrilled at the prospect of working with Strathearn
Insurance. The Caribbean property market is slowly coming back on track
and buyers are returning to the market. These clients require a new
level of service both in term of security and flexibility when
purchasing property in the Caribbean.”
For enquiries, please e-mail info@7thheavenproperties.com or see http://www.7thheavenproperties.com/caribbean-property-investment-protection-facility.html.
7th Heaven Properties is a leading Caribbean property website, listing
real estate for sale from across the Caribbean islands. The site aims
to provide a medium for Caribbean real estate agents and property
developers to advertise their properties online and for potential
buyers to search for both property and land for sale, from luxury
villas in Barbados and Anguilla to affordable apartments in St Lucia
and St Kitts. The site is operated by 7th Heaven Properties Ltd, which
is based in London and registered in the UK.