Norbert Posted April 28 Share Posted April 28 Looking to demolish and rebuild. We will have a main contractor doing most of the work, plus a TF company to do their bit. It will be funded from our own resources. It seems to me that in this situation we do not need a warrantie. Is there any need or advantage in having one? Link to comment Share on other sites More sharing options...
joe90 Posted April 28 Share Posted April 28 Well I didnt have one as never intended to sell within 10 years but life got in the way and had to sell and I got a retrospective warranty fir cheaper than a build warranty 🤷♂️ but not all mortgage companies accept them. Link to comment Share on other sites More sharing options...
nod Posted April 28 Share Posted April 28 44 minutes ago, joe90 said: Well I didnt have one as never intended to sell within 10 years but life got in the way and had to sell and I got a retrospective warranty fir cheaper than a build warranty 🤷♂️ but not all mortgage companies accept them. Exactly No such thing as a forever home Unless your on grand designs 😁 My friend was finishing his as we started ours He’d be carried out feet first he kept saying He had sold by the time we finished ours Link to comment Share on other sites More sharing options...
Bozza Posted April 28 Share Posted April 28 Only tangible benefit for you is for someone who may wish to buy your house within the next 10 yrs. without a warranty or architects certificate they won’t be able to get a mortgage. Irrelevant after 10 years. Link to comment Share on other sites More sharing options...
joe90 Posted April 28 Share Posted April 28 11 minutes ago, Bozza said: without a warranty or architects certificate they won’t be able to get a mortgage. As I said above not all banks will give a mortgage but my buyer did with a retro warranty. Link to comment Share on other sites More sharing options...
Nic Posted June 1 Share Posted June 1 I also think if you are going self build and claim CIL tax relief for a self build you need to have a valid warranty in place to complete form 7 pt 2 to make sure they don’t come after you for the full payment Link to comment Share on other sites More sharing options...
shuff27 Posted June 2 Share Posted June 2 9 hours ago, Nic said: I also think if you are going self build and claim CIL tax relief for a self build you need to have a valid warranty in place to complete form 7 pt 2 to make sure they don’t come after you for the full payment You can submit an approved VAT reclaim or proof of a self build mortgage instead - I made sure to check this as I don't have a warranty. Link to comment Share on other sites More sharing options...
JohnMo Posted June 2 Share Posted June 2 On 28/04/2024 at 09:56, Norbert said: seems to me that in this situation we do not need a warrantie. I was in the same position and never got a warranty. Really couldn't see the point of paying out a couple of grand, to line someone's pockets for not added benefit for me. Link to comment Share on other sites More sharing options...
Conor Posted June 2 Share Posted June 2 We didn't get a warranty, tho the basement tanking, flat roof and actual roof structure have their own manufacturers warranties. And we were able to get a mortgage OK with and no warranty or other documentation. Just very few lenders on the market have lax criteria like that. Three in fact. Link to comment Share on other sites More sharing options...
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