This is a friend's project.  They are nearing the end of the build and need a bit more money to finish off, have already maxed out credit cards and family loans etc.   What they would like to do is get a regular mortgage, not a self build mortgage, and were told as long as the place was habitable it would be OK - so functioning kitchen, heating, secure and watertight, lighting etc.  This turns out not to be the case and they were turned down.

 

Anyone been successful getting a regular mortgage before the house has a building control completion certificate?  If so who was this with?  Direct or through a broker?

 

Many thanks

 

 

They should be able to get a mortgage if Building control has signed the property off 

Regardless how how much equity they have in the house 

They must have an income that would service the loan 

 

3 hours ago, Judy C said:

This is a friend's project.  They are nearing the end of the build and need a bit more money to finish off, have already maxed out credit cards and family loans etc.   What they would like to do is get a regular mortgage, not a self build mortgage, and were told as long as the place was habitable it would be OK - so functioning kitchen, heating, secure and watertight, lighting etc.  This turns out not to be the case and they were turned down.

 

Anyone been successful getting a regular mortgage before the house has a building control completion certificate?  If so who was this with?  Direct or through a broker?

 

Many thanks

 

 

 

My self build mortgage converts to a residential product with the same building society once I have a completion certificate.

 

I would imagine they might have some VAT to reclaim. Perhaps others can confirm, but could they submit their VAT reclaim with the certification of temporary habitation, use the VAT to finish the works to get the completion certificate and then move onto a standard residential product.

 

 

They are some way of getting a building control completion certificate - they were told (wrongly apparently) that you can get a residential mortgage when the house is habitable, not necessarily complete.

 

 

6 minutes ago, Judy C said:

They are some way of getting a building control completion certificate - they were told (wrongly apparently) that you can get a residential mortgage when the house is habitable, not necessarily complete.

 

 

Ah 

There lies the problem 

 

I added a post a while back showing a temporary disabled ramp I had made in order to get signed off 

The main things for sign was Electric certificate and gas certificate and of course disabled access All be it temporary