No Bldg Reg, walk away? Gazunder?

TxxxFxxx

Hello lovely forum, happy Easter!

TxxxFxxx

In addition, the area I live is quite slow moving. No offer on the house until I came and I don't think there is any competition.

I think I know the market and offered a fair price.

I'm not trying to achieve a sneaky win here but just want to offer another fair price considering no bldg reg certificate.

Slithery

Was this a one-off build or part of a bigger new estate?

davidmcn

1. What does exist from the original construction? Did it have planning (and was it built in accordance with the consent)? Any warranties or professional supervision certificates?

2. Are you buying with a mortgage? If so, what will your lender accept?

In any event, even with indemnity cover, I would expect buyers to be jittery about accepting this in the medium term.

TxxxFxxx

@Slithery it is a part of big estate. But the estate is completed and I've asked around, many already have completion certificate.
It must be a really rare occasion or handled by internship in that solicitor's firm when they buy.

TxxxFxxx

@davidmcn Thanks for your reply.

It was a completely new estate. So nothing was there before this house and everything is constructed. There was no further modification by previous owner.
NHBC warranty as standard (although expires in a year).
Big developer (Taylor Wimpey) in a big estate so should have planning granted way back as this estate used to be hot topic of the area. I have not seen it but my solicitor only warned me about bldg reg, not planning permission.

My lender willing to accept with indemnity insurance.

And what you said is exact my worry. I fully accept any risk that comes with buying this house, but I'm certain same question will be post here again when my future buyer is hesitating.
I like the house and I'm willing to take this risk, if justified by dropping the price.

davidmcn

TxxxFxxx wrote: »

@Slithery it is a part of big estate. But the estate is completed and I've asked around, many already have completion certificate.

Is everyone absolutely certain it doesn't have a completion certificate, rather than it just being filed under a confusing plot number / postal address? It would be a bit odd for Taylor Wimpey to "miss" one.

TxxxFxxx

I know! it is unbelievable.
The seller tried and contacted both the developer and his old solicitor, but nothing.

And we are in the situation we believe there may be one, but wouldn't dare to contact the council.
If worst case happens, there is no certificate and we invalid the indemnity, it will be quite heart broken.

jkpd

NHBC will not issue a warranty without a completion certificate.
Your solicitor really should know this.
It was possibly issued to a plot number, you need to contact the developer or relevant council.

TxxxFxxx

@jkpd thank you!
That is a very good point.
I'll get back to the solicitors after Easter.

jkpd

However as a developer myself I would try to play it to my advantage , contact NHBC to confirm that the warranty wouldn't
have been issued without a completion cert , negotiate a price reduction and once you have purchased , you can then trace the completion cert.