Will my lender accept my building warranty?

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Following the financial collapses of 2008- 2012 there has been a general tightening of financial procedures throughout the industry. This has led in many cases to a demand for additional certification, documentation and a general ‘ticking the boxes’ mentality. This in turn has generated an influx of requests from legal teams for the provision of either an ‘Architect Certificate’, Professional Consultants Certificate,Warranty and/or Building Control sign-off. All of this ‘red-tape’ is now an essential requirement on any sale of converted or newly created dwellings. Sometimes this can be very difficult or even impossible to achieve when considering many projects are either completed or well along the way to being completed and without the necessary paperwork being in place from the outset.There is a comprehensive list of buildings societies and banks on the CML (Council of Mortgage Lenders) website showing their individual acceptance criteria. However, it is virtually impossible to find a lender these days who will lend against a property built within the last ten years that does not have either a full repairing warranty or an 'Architects Certificate' (aka Professional Consultants Certificate). When purchasing your new home your solicitor will check out these facts and also tick all of the necessary legal boxes before completion.

For all advice and assistance in this matter contact architectscertificate.co.uk or speak directly to our team on 08456800467.

Trevor Bartlett MRICS MCIOB CEnv