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No NHBC or structural warranty - Help
MAEM
Posts: 83 Forumite
We self built our house two years ago and got an architects certificate at the time to get our self build mortgage, we are now at the end of our deal and want to fix in case interest rates rise, the problem is, i've tried first direct and hsbc and neither will give us a mortgage because we dont have a structural warranty or an nhbc certificate - can anyone tell me if we can get one of these in retrospect or if there are any lenders that don't ask for them??
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Comments
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First Direct is part of HSBC. So policy may be similar with regards to self builds.
Believe you mean mean an NHBC certificate which you wouldn't have obtained as a self build.0 -
Thrugelmir wrote: »First Direct is part of HSBC. So policy may be similar with regards to self builds.
Believe you mean mean an NHBC certificate which you wouldn't have obtained as a self build.
Thanks very much - yes meant NHBC!0 -
Some lenders will accept an Architects Certificate.
See if your prospective lender would accept an indemnity policy at completion.I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
Some lenders will accept an Architects Certificate.
See if your prospective lender would accept an indemnity policy at completion.
Hi Do you know which lenders will accepts this?
The problem is the House has been built for 2 years, we are just remortgaging so I don't think we can get an indemnity policy now, can we?0 -
Current lender not have a suitable deal?0
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Indemnity policies can be had retrospectively but not a good idea to ask before you get one. Best to get indemnity first and then ask !If you don't have 'owt important to say then don't say 'owt ...
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Hi, no my current lender is charging and extra 1% and an extra £900 in fees, I will look for a few more mortage deal adn find out what they need and if be, i'll have to try and get an indemnity policy.0
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Halifax policy certainly used to be to accept an architect's certificate for self-build.0
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Hi Do you know which lenders will accepts this?
The problem is the House has been built for 2 years, we are just remortgaging so I don't think we can get an indemnity policy now, can we?
I have done one recently with Abbey. Solicitor organised an indemnity once the lender had seen the architects certificate.I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
I self built in 2001/2 with a mortgage from NPBS and a completed architects certificate.
When I re-mortgaged in 2006 with Britannia and wasn't asked for any certificate / indemnity policy.0
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