Highlandhome

Hi Kaye, did you find a solution? I'm dealing with something similar.

Sadly not John, most lenders specifically state they do not accept retrospective warranties but I'm struggling to understand this. There must be a raft of self builders unable to sell their homes for 10 years if that's the case. Why do retrospective warranties exist as they aren't worth the paper they're written on and don't even satisfy lenders these days.

So after 2 years of trying we finally had an offer accepted on our dream home. Sadly for us it turns out it is only a couple of years old and wasn't built with the view of selling on any time soon (no architects certificate or structural warranty insurance) so can't mortgage against it. I believe retrospective warranties are available but I'm really struggling to find any lenders that will accept it anyway. I was hoping as the current owner / builder was applying for a warranty it wouldn't be retrospective by the time it gets transferred to me as he built it and so has all relevant building control certs etc. Based on the above does anyone have any experience here and can recommend a mortgage lender who accepts retrospective warranties or indemnity insurance as another option? Thanks in advance