March 14, 20215 yr My self build mortgage allows for a PPC rather than a 10 year structural warranty. If I went down the PPC route what issues could it cause down the line? I.e. what happens if we were to get a residential mortgage on completion, or we sold the house and the buyers mortgage company didn't accept a PPC?
March 14, 20215 yr I have done some flat conversions and just did PCC. It was acceptable to all 6 buyers / their lenders and much cheaper than NHBC, who had not appetite for conversions. CML give a list of lenders who will accept a PPC. Not worth the paper they are not written on if you ever wanted to claim, but then structural warranties are not a lot of use either.
March 14, 20215 yr Author 21 minutes ago, Mr Punter said: I have done some flat conversions and just did PCC. It was acceptable to all 6 buyers / their lenders and much cheaper than NHBC, who had not appetite for conversions. CML give a list of lenders who will accept a PPC. Not worth the paper they are not written on if you ever wanted to claim, but then structural warranties are not a lot of use either. Thanks that gives me some comfort. The PPC provider is the architect that did the planning and has had input detailed design / building regs design. The PPC may not be worth much in the real world but would prefer to give the architect the cash rather than a big firm. His PPC Is about 80% of the structural warranty, though he is not covering the waterproofing which I will be getting a CSSW with a IBG to cover.
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