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New Build, Energy Performance Certs And Mortgages


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#1 8 year itch

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Posted 18 March 2012 - 04:17 PM

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?

There is no ladder.

JY


No need to sell up, the next phase of the economics cycle is going to be very positive for anyone that owns property.

All I'm sayings is, don't listen to the property bears people, they are wrong.


#2 peter_2008

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Posted 18 March 2012 - 10:31 PM

1. yes.

2. yes.

#3 8 year itch

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Posted 19 March 2012 - 10:09 AM

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.

There is no ladder.

JY


No need to sell up, the next phase of the economics cycle is going to be very positive for anyone that owns property.

All I'm sayings is, don't listen to the property bears people, they are wrong.


#4 tim123

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Posted 19 March 2012 - 11:57 AM

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

#5 8 year itch

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Posted 19 March 2012 - 04:47 PM

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.

There is no ladder.

JY


No need to sell up, the next phase of the economics cycle is going to be very positive for anyone that owns property.

All I'm sayings is, don't listen to the property bears people, they are wrong.


#6 Monkey

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Posted 19 March 2012 - 05:03 PM

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

#7 8 year itch

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Posted 19 March 2012 - 05:11 PM

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.

There is no ladder.

JY


No need to sell up, the next phase of the economics cycle is going to be very positive for anyone that owns property.

All I'm sayings is, don't listen to the property bears people, they are wrong.





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