Why PRC homes defective?

TommyAngelo

Hello Ladies and Gentleman.
I recently bought Cornish Unit Type 1. I had to liquidise everything i owed to purchase the house cash only, because some bureaucratic moron listed PRC homes as "defective" and no lender will give me mortgage. I just would like to ask somebody smarter than me and explain me the logic of this system. Shouldn't this be a case of condition of individual dwelling? Like in cases of listed buildings? Those are often under serous structural strain, with sunken roofs, sloping nasal walls, etc. Al thou they not described as defective and mortgage is usually not a problem , as every case is treated individually, depends to the condition and state of the house as well as financial situation of the buyer. All Cornish houses in the neighbourhood that I inspected are sturdy, as 100 years old oak. There are defective, but over 70 years old and outlived many younger estates. Where is the logic?

[Deleted User]

Generally it was because the weakening structure was hidden by usually concrete and it only became apparent when the thing collapsed.

There was that bridge collapse in Italy recently that had same situation. They didn't know the metal had failed as it was surrounded by concrete.

Listed houses and old old properties tend to have enough data to say they don't fail for unexpected reasons. Prc obviously had enough data to say they failed regularly

https://www.bisfhouse.com/defective-housing-act-and-prc-certification-explained/

[Deleted User]

Also, they are mortgageable. Have done quite a few unrepaired prc mortgages in last 18 months ish

roosterpotatoes

I think it depends on the lender to be honest. I submitted to Accord and regardless to the fact we had a PRC certificate stating repair they would not lend and advised me to advise the client that they would struggle to find a lender that would. I would keep my eye on the local area and sold prices of similar properties but 9 times out of 10 valuers do not budge on their decision.

Thrugelmir

TommyAngelo wrote: »

because some bureaucratic moron listed PRC homes as "defective" and no lender will give me mortgage. I just would like to ask somebody smarter than me and explain me the logic of this system.

Are you a trained building surveyor ?

TommyAngelo

Thrugelmir wrote: »

Are you a trained building surveyor ?

No I'm not, but a trained surveyor done a structural check on my property throughout and he said that this house will stand for another 70 years at least. I'm a man with simple logic. If this house is robust like a bunker, and I assume many of similar type are as well, then this "defectiveness" is a lazy, moronic, protectionist legislation. Simple as that. I also spoke with some PRC rebuild companies and they told me, that all of Cornish Units Type 1 they repair never needed the repair because of structural failure. Owners decided to do it because of many other disadvantages of concrete walls (dampness, PRC certificate, insulation, modern look etc.). That's where my conclusion came from.

Regarding the mortgage it's too late anyway, but thanks for the hint. At least I can have a clear mind if I will try to sell it in the future. It seems I didn't have enough patience to go through more lenders.

consumers_revenge

Halifax will mortgage the repaired ones even if the house next door has not been PRC repaired.

stator

The government didn't ban lenders from lending, that was their own decision.


When the government declared them defective, this unlocked funding to help people repair their homes. This expired a long time ago.