24 year mortgage 8itch

New Build, Energy Performance Certs And Mortgages

7 posts in this topic

Got a couple of questions regarding new builds, it is not a big box builder, tiny builder no obvious building co. involvement, almost like selling a self-build.

1. Does the seller need an EPC for it? (I would imagine it is but agent does not have one)

2. Do mortgage providers require a New Homes, NHBC type guarantee on new/recent builds?

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That's what I believe but agents are clueless and trying to get info out of them to determine if a house is mortgagable or not is like getting blood out of a stone.

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1. yes.

2. yes.

I don't think 2 is right.

There are houses built by people who don't hold HNBC acreditation and these houses must be sellable somehow

tim

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I don't think 2 is right.

There are houses built by people who don't hold HNBC acreditation and these houses must be sellable somehow

tim

This is what I'm trying to find out. If a house has stood for a hundred years, that seems to count as proof enough but new build they're not so sure.

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i could be wrong, this is from memory, but when i was looking into buidling my own house i had to have a builder who was on the HNBC register or a chartered architect who could satisfy the HNBC to give a 10 year gurantee for the property once built.

this was also a clause put in by the mortgage companies that i had a gurantee for the works, before they would release any money for the build.

this was also a requirement for buildings insurance as well

once the 10 years is up, then house is deemed fit for purpose and no gurantee was needed

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i could be wrong, this is from memory, but when i was looking into buidling my own house i had to have a builder who was on the HNBC register or a chartered architect who could satisfy the HNBC to give a 10 year gurantee for the property once built.

this was also a clause put in by the mortgage companies that i had a gurantee for the works, before they would release any money for the build.

this was also a requirement for buildings insurance as well

once the 10 years is up, then house is deemed fit for purpose and no gurantee was needed

Thanks.

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