Silver Birch

I built a detached bungalow in West London in 2012 which my wife and I live in. We have a Build-Zone 10 year Warranty on the bungalow with around 18 months to run. More importantly, the warranty is recognised by 120 Banks/Lenders for people applying for a mortgage. The list includes virtually every big Bank in the U.K. Lloyds, Barclays, R.B.S. Halifax, you name it and it's on the list. We have now decided to sell the bungalow and move out of London and we have found a buyer and are at an advanced stage of the sale (searches and surveys have all been done). Last week we received an email from our buyer saying that the mortgage survey did not throw up any issues but the Bank ( an Indian Bank but I'm not sure which Indian Bank) has said that it does not recognise the Build-Zone Warranty as a standalone Warranty and will only proceed if we get a PCC (Professional Consultants Certificate). Our buyer thinks we can magic a PCC out of thin air. I ended up contacting the Company who has found our buyer the mortgage and managed to speak to a Broker who pointed out that even if I paid for a PCC (£2,000 upwards) there is no guarantee that the Indian Bank would give our buyer the mortgage he's applied for. The PCC would be just one of several factors in obtaining a mortgage. Although we are keen to sell (we have had an offer accepted on a house in Camberley) I am confused as to why the Indian Bank will not recognise Build-Zone Warranties and would have thought that it's the buyers responsibility to secure a mortgage. I would really appreciate any feedback (positive or negative) on what Forum members might think.