Buying a PRC house that has been repaired and has a certificate..
The house I want to buy is a non-standard construction. There has been remedial work done on it, the PRC panels have now been replaced with bricks and pebbledash. Is it now considered standard construction. I believe there are certificates to prove that the work was done. Would it still be hard to sell or mortgage? It is in a nice area and house prices are good there.
Asked on Nov 11 2009, General in Port Talbot | Report content
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If it has been repaired in accordance with a government scheme and is certified then it should be safe to buy and ok to sell on: as with any house though it is sensible to have a survey done before entering into a commitment to purchase. If I can help in this respect please let me know. Thank you
Answered on Feb 18 2010, Report content -
Speaking from experience you would find it very hard, if not, impossible to secure a mortgage on this property regardless of whether it has a certificate. A short while ago Halifax were mortgaging them but now it seems they dont want to know. The other obvious issue is re-sale - if a property is hard to mortgage its hard to sell. If you find someone who will mortgage them please let me know!
Answered on Oct 14 2011, Report content
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