JAS-Build Posted April 7, 2022 Share Posted April 7, 2022 We have to choose between a 10 year Structural Warranty or a 6 year Professional Consultants Certificate soon - ie before site inspections start, and need help with the decision. What are the Pros and Cons of each? Our architect is saying get a Warranty. Price £7000 Our mortgage broker says a PCC is fine. Price £2500 We have good quotes from ABC+ Warranty (https://www.architectscertificate.co.uk/) and they have great reviews. Obviously the Warranty is an insurance policy that should (?) pay out if there are issues with the built house - but there are exemptions for the flat roof part, etc Some questions: 1. Does anyone have knowledge of a warranty paying out for anything at all? 2. What happens after the 10 or 6 year point if we want to re-mortgage? Thanks in anticipations...... JAS 1 Link to comment Share on other sites More sharing options...
PeterW Posted April 7, 2022 Share Posted April 7, 2022 That warranty price is very lumpy. I would look elsewhere. Your brokers may say that PCC is ok now but tbh there are fewer mortgage companies that accept them rather than a full blown warranty. Link to comment Share on other sites More sharing options...
JAS-Build Posted April 7, 2022 Author Share Posted April 7, 2022 6 minutes ago, PeterW said: That warranty price is very lumpy. I would look elsewhere. Your brokers may say that PCC is ok now but tbh there are fewer mortgage companies that accept them rather than a full blown warranty. Thanks PeterW. Here's the CML list from ABC+ for a PCC - I can't see many major lenders missing? CML-Approved-Lenders-List-PCC.pdf Link to comment Share on other sites More sharing options...
nod Posted April 7, 2022 Share Posted April 7, 2022 We have a pcc 900 k home and workshop 10 years £1500 £500 down after the first site visit Link to comment Share on other sites More sharing options...
JAS-Build Posted April 7, 2022 Author Share Posted April 7, 2022 12 minutes ago, nod said: We have a pcc 900 k home and workshop 10 years £1500 £500 down after the first site visit Thanks Nod - who's the provider please? JAS Link to comment Share on other sites More sharing options...
PeterW Posted April 7, 2022 Share Posted April 7, 2022 1 hour ago, JAS-Build said: Thanks PeterW. Here's the CML list from ABC+ for a PCC - I can't see many major lenders missing? CML-Approved-Lenders-List-PCC.pdf That list is 15 months out of date. Worth getting the latest. Also, check the claim method as to how they inspect and pay out in the event of an issue, and don’t forget you’re getting 6 years vs 10 years on a standard warranty. Link to comment Share on other sites More sharing options...
nod Posted April 7, 2022 Share Posted April 7, 2022 Yes it is CML The chap came out before we broke ground Then asked for photos mat each stage But will call in when he is passing It’s quite rare to be paid out off any So I wouldn’t worry to much about that But a necessary evil if you need to sell in the first ten years Or if your lender insists you take one out Link to comment Share on other sites More sharing options...
Steady_eddie Posted April 7, 2022 Share Posted April 7, 2022 11 hours ago, JAS-Build said: We have to choose between a 10 year Structural Warranty or a 6 year Professional Consultants Certificate soon - ie before site inspections start, and need help with the decision. What are the Pros and Cons of each? Our architect is saying get a Warranty. Price £7000 Our mortgage broker says a PCC is fine. Price £2500 We have good quotes from ABC+ Warranty (https://www.architectscertificate.co.uk/) and they have great reviews. Obviously the Warranty is an insurance policy that should (?) pay out if there are issues with the built house - but there are exemptions for the flat roof part, etc Some questions: 1. Does anyone have knowledge of a warranty paying out for anything at all? 2. What happens after the 10 or 6 year point if we want to re-mortgage? Thanks in anticipations...... JAS Can I ask who your lender is? Thanks Link to comment Share on other sites More sharing options...
JAS-Build Posted April 8, 2022 Author Share Posted April 8, 2022 9 hours ago, Steady_eddie said: Can I ask who your lender is? Thanks Hi. We don't have a lender since we're building with cash, but will probably want to remortgage the house once it's done so are looking ahead to that. Probably one of the high street banks - they've been our best rates in the past. Last one was Barclays. Link to comment Share on other sites More sharing options...
nod Posted April 8, 2022 Share Posted April 8, 2022 On 07/04/2022 at 11:28, JAS-Build said: Thanks Nod - who's the provider please? JAS Link to comment Share on other sites More sharing options...
Meabh Posted March 4, 2023 Share Posted March 4, 2023 On 07/04/2022 at 10:37, JAS-Build said: We have to choose between a 10 year Structural Warranty or a 6 year Professional Consultants Certificate soon - ie before site inspections start, and need help with the decision. What are the Pros and Cons of each? Our architect is saying get a Warranty. Price £7000 Our mortgage broker says a PCC is fine. Price £2500 We have good quotes from ABC+ Warranty (https://www.architectscertificate.co.uk/) and they have great reviews. Obviously the Warranty is an insurance policy that should (?) pay out if there are issues with the built house - but there are exemptions for the flat roof part, etc Some questions: 1. Does anyone have knowledge of a warranty paying out for anything at all? 2. What happens after the 10 or 6 year point if we want to re-mortgage? Thanks in anticipations...... JAS Hi Jas - did you decide to go with ABC or CMLC for a warranty? Thanks Link to comment Share on other sites More sharing options...
Dave Jones Posted March 4, 2023 Share Posted March 4, 2023 from my experience of both over many self builds, I now never bother with either. When it comes to sell and if no warranty is a deal breaker for the buyer i take out an indemnity policy. Last one was £750 Link to comment Share on other sites More sharing options...
Kelvin Posted March 4, 2023 Share Posted March 4, 2023 27 minutes ago, Dave Jones said: from my experience of both over many self builds, I now never bother with either. When it comes to sell and if no warranty is a deal breaker for the buyer i take out an indemnity policy. Last one was £750 What’s your specific experience of both? Link to comment Share on other sites More sharing options...
Dave Jones Posted March 4, 2023 Share Posted March 4, 2023 1 hour ago, Kelvin said: What’s your specific experience of both? architect cert more expensive, 10 year more hassle. Link to comment Share on other sites More sharing options...
Kelvin Posted March 4, 2023 Share Posted March 4, 2023 1 hour ago, Dave Jones said: architect cert more expensive, 10 year more hassle. Well that’s nice and clear Link to comment Share on other sites More sharing options...
mickeych Posted January 29 Share Posted January 29 hmm I've just been quoted £35K for a 10 year warranty from Protek. had a BW quote for 6.5K but probably going with a PCC with BW for 2.9K. It is like the wild west IMO. clearly plenty of the insurers have a limited capacity for self-builds with their main underwriters or have a very different risk model for some people (ours is a barn conversion). We only 'need' one because we have some funding for the build and the lender insists. Link to comment Share on other sites More sharing options...
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