Birk57

My issue is only with £85k paid out to a company for 3month, someone suggested to me a bank bond would secure my deposit, is that an option anyone has used?

Hi All, I am a new member that needs advise. Yesterday received planning approval of my new and first self build project, I would like to build with SIPS. However, lead time will be 14 weeks and the manufacturers of the SIPS wants an initial deposit of 20%,then at 4 weeks want 40%, that mean around £85K of unsecured deposit for about 3 months. I think in 2016, 2 SIPPS companies went bust taking all the deposits with them My question is it possible to insure this? The company has offered a Vesting certificate to secure the completed goods, but they will only be manufactured in week 13