Hi guys,
I am buying a section 106 Holiday Let property and as such I have had to hunt for a reasonable specialist mortgage lender.
I found one with a great deal and was glad it was sorted but there is a hurdle…..
The house was built by 2018 but the completion certificate is dated February 2020. The owner did not get a builders warranty when building it. There is a two year period after completion date that the builder gas to take up the liability before a retrospective builders warranty can be issued.
my mortgage company will not proceed without a warranty and the people on their list of approved warranty providers will not give one for another 6 months.
i have found another provider who says I would have to take the liability on myself for 6 months, but I doubt the mortgage company would do that and anyway they wont accept that provider.
Can ANYONE help or advise me? Is there some sort of short term structural insurance I can take out myself to plug this gap in time?
how on earth can I overcome this ?? :-/
thank you everyone.