DragsterDriver Posted April 22, 2021 Share Posted April 22, 2021 2 minutes ago, Russell griffiths said: If you have a mortgage you will need a warranty. By by £3000. That’s.....cheered me! Link to comment Share on other sites More sharing options...
Russell griffiths Posted April 22, 2021 Share Posted April 22, 2021 5 minutes ago, DragsterDriver said: That’s.....cheered me! While I’m sitting here with a mild dose of man flue I thought I would spread some of my pain around. Enjoy. 1 Link to comment Share on other sites More sharing options...
Happy Valley Posted April 22, 2021 Share Posted April 22, 2021 (edited) We have Structural Warranty quote of £1900 premium and £1700 for site visits. £3600 for a build less than 200 sq m!! It is supposed to be our forever home but you never know what life throws at you so luckily as no mortgage is involved we will not bother and if we have to sell will look at buying retrospectively if required by the purchaser. Edited April 22, 2021 by Happy Valley 1 Link to comment Share on other sites More sharing options...
Tom Posted April 22, 2021 Share Posted April 22, 2021 2 hours ago, Russell griffiths said: If you have a mortgage you will need a warranty. By by £3000. Ecology told me two days ago they don't require a warranty 1 Link to comment Share on other sites More sharing options...
joe90 Posted April 22, 2021 Share Posted April 22, 2021 I have no structural warranty, I cannot believe that building to building regs with formal visits from the BCO means nothing. If I have to sell I will be looking for a company that supplies one retrospecfully. Link to comment Share on other sites More sharing options...
Happy Valley Posted April 22, 2021 Share Posted April 22, 2021 Just been speaking with an insurer and a retrospective policy could be in the region of £8000 to £10000! Like all insurances - it's up to you whether you want to take on the risk if you don't insure. Link to comment Share on other sites More sharing options...
eandg Posted April 22, 2021 Share Posted April 22, 2021 37 minutes ago, Tom said: Ecology told me two days ago they don't require a warranty They don't at the outset but our solicitor had to confirm we'd have an NHBC guarantee or equivalent on completion, one of their standard terms. Not sure they'd check or enforce it though. Link to comment Share on other sites More sharing options...
Bonner Posted April 22, 2021 Share Posted April 22, 2021 They will tell you that retrospective warranties are expense because they are trying to sell you one now! Others have purchased one for not much more than an upfront one but may not be accepted by all lenders ... I have decided on a PCC for about £1200. It has some limitations but it will be issued by the structural engineer who has done the design. He is carrying out regular inspections to make sure the house is built properly. Link to comment Share on other sites More sharing options...
Tom Posted April 22, 2021 Share Posted April 22, 2021 38 minutes ago, eandg said: They don't at the outset but our solicitor had to confirm we'd have an NHBC guarantee or equivalent on completion, one of their standard terms. Not sure they'd check or enforce it though. Hmmm, seems contrary to what they told me - and I asked the question twice to be absolutely sure. They require insurance for the build as it progresses but were adamant (in writing!) that I wouldn't need a warranty. I just don't want to shell out 3.5k for something that I will likely never be able to claim on anyway. Link to comment Share on other sites More sharing options...
eandg Posted April 22, 2021 Share Posted April 22, 2021 11 minutes ago, Tom said: Hmmm, seems contrary to what they told me - and I asked the question twice to be absolutely sure. They require insurance for the build as it progresses but were adamant (in writing!) that I wouldn't need a warranty. I just don't want to shell out 3.5k for something that I will likely never be able to claim on anyway. Looking at the email from the solicitor it appears to be a stipulation set out in their "Standing Instructions". However, if you need a mortgage now won't you subsequently be remortgaging once the build is complete? In which case you'd want some form of structural warranty to obtain a mainstream mortgage. Link to comment Share on other sites More sharing options...
Russell griffiths Posted April 22, 2021 Share Posted April 22, 2021 2 hours ago, Tom said: Ecology told me two days ago they don't require a warranty That’s good, I don’t think they are worth the paper they are written on. 1 Link to comment Share on other sites More sharing options...
Tom Posted April 22, 2021 Share Posted April 22, 2021 1 hour ago, eandg said: Looking at the email from the solicitor it appears to be a stipulation set out in their "Standing Instructions". However, if you need a mortgage now won't you subsequently be remortgaging once the build is complete? In which case you'd want some form of structural warranty to obtain a mainstream mortgage. True, but most mainstream lenders will accept an Architect's Certificate (or similar). Link to comment Share on other sites More sharing options...
eandg Posted April 22, 2021 Share Posted April 22, 2021 1 hour ago, Tom said: True, but most mainstream lenders will accept an Architect's Certificate (or similar). It may be that the cert provides an 'equivalent' to NHBC - hadn't realised you had one. Link to comment Share on other sites More sharing options...
Tom Posted April 22, 2021 Share Posted April 22, 2021 2 hours ago, eandg said: It may be that the cert provides an 'equivalent' to NHBC - hadn't realised you had one. I don't, I plan to cross that bridge when it comes to it! Just sticks in the craw having to pay £1,800 alone for some guy to come and "inspect" when building control are doing that anyway. Link to comment Share on other sites More sharing options...
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