Is a show home built 3 years ago still classed as a 'new build' home?
Asked on May 29 2012,
Home Finance in Mansfield |
As a surveyor, I would class a new build as exactly that, newly built. I suppose if the property has been left empty, you could extend the term but I think it's a bit of a stretch. For example: Is a car which has never been used new if it rolled of the assembly line 2 years ago? Probably not.
Answered on May 30 2012,
It depends on why you're asking this question; if it's in relation to a motgage application and LTV then it will depend on the lender, the definition varies across the lenders. If the builder was registered with NHBC then there should still be a 10 year warranty in place
Answered on Jul 16 2012,
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