Buying non standard construction house

Iwanttotravel

I am considering buying a Parkinson Frame House. The seller has applied for a retrospective PCR.
The estate agent assures me that getting a mortgage on the house would not be a problem.
I intend to pay cash but would like the reassurance of knowing that when I sell the house it would be mortgageable. Can I trust the Estate Agent?
Do I need to get a specialist surveyor and how much would this cost?
Does it cost more to insure non standard construction?
Any advice regarding this would be very appreciated. Thank you

knightstyle

Apply for a mortgage then you do not take the offer up.
This will give you a true answer.

AnnieO1234

Speak with neighbours, approach a local broker who may be familiar with this type of construction if it's common to the area. Don't let on you're a cash buyer but talk through the potential problems of finding a lender. Xx

kinger101

Iwanttotravel wrote: »

The seller has applied for a retrospective PCR.

I'm no idea what this means, and what the consequences are. Do you? If not, I'd stay well away from this.

And there's no need for big text :-)

Owain_Moneysaver

Iwanttotravel wrote: »

I intend to pay cash but would like the reassurance of knowing that when I sell the house it would be mortgageable. Can I trust the Estate Agent?

No. The estate agent works for the seller and will say almost anything that isn't provably illegal to encourage a sale.

PRC is explained here:

What is a PRC [prefabricated reinforced concrete] Certificate?
All PRC houses should be repaired using a recognised PRC repair scheme from a Structural Engineer who will make inspections throughout the repair works and issue a PRC certificate at completion confirming the works have been completed to the proper standard. Mortgage lenders will only lend on repaired PRC houses with a PRC Certificate.

The work that may be required on a Parkinson Frame house is described here

suziqqq

We have tin houses nearby don't know what the correct term for those is but were told by EA only Santander will lend on them now

Richard_Webster

Even when repaired there is no consistent view amongst lenders as to what quality of repair (what certificate) is acceptable. If one lender will lend doesn't mean they all will, or that one lender will have the same view in a few years time.

captainhindsight_2

Dont believe anything the EA says, there not working for you they are trying to get you to buy the house.

D00gie72

I'm trying to buy a non-standard construction house at the moment - not a Parkinson Frame one. You will need to find out if your build type in on the "defective List" if it is you will struggle to find a lender. This has nothing to do with the actual condition of your property. If it's not on the defective list you will probably be able to find a lender. When I was phoning around there were several lenders happy to go ahead. The age of the property and weather its a bungalow or house are important factors. Don't take the Agents word for it. Do your own research.
I have no idea if a PRC can be issued retrospectively - I doubt it TBH.

Iwanttotravel

When I asked the vendor if the house had a PRC she replied that she had applied for one. I have since found out that she misunderstood and thought I was referring to energy performance rating.
The house is on the market for 89000 and she is adamant that this is what it is worth despite brick built houses in the area selling at a similar price.
The attraction of this property is that the garden is larger than other houses in the vicinity.

mum2one

suziqqq wrote: »

We have tin houses nearby don't know what the correct term for those is but were told by EA only Santander will lend on them now

Steel Houses - I love them there so roomy my nan use to live in one when I was a kid...

unfortunatly a lot of lenders are turning down non traditional builds.x