BOPAS Breakfast Briefing

Description

The Buildoffsite Property Assurance Scheme (BOPAS) has been developed by Lloyd’s Register, Building Life Plans (BLP Insurance) and Buildoffsite to provide third party endorsement that innovative forms of construction can be used in new house-building with total confidence and traceability with the option of insurance cover to provide additional certainty.

BOPAS certification is available to manufacturers and will provide confirmation that new homes built using innovative forms of construction are likely to be sufficiently durable to support loans over a period of not less than 60 years. The availability of a BOPAS certification is increasingly demanded by Lenders as a recognised means to manage financial and construction risk and is likely to be of particular interest to private purchasers requiring a mortgage, institutional investors in new public and private sector housing developments, and client groups including RSLs and LAs.

This Breakfast Briefing will provide an overview of BOPAS Certification and its role in supporting innovative forms of house-building.