Mortgage with Completion Cert

Caine123

Hi All

I had a house built and completed in 2014 however it turns out i do not have a warranty and my mortgage has expired-is there any way to get a mortgage without a warranty.I do have a completion certificate. (i have contacted warranty companies and they want drawing,plans etc which i am struggling to get hold of due to the architect company closing down)

Any help much appreciated

foxy-stoat

You mean the fixed term is up and you are on their SVR? Call them up and ask to be put on their fixed rate deals.

Having no warranty isn't an issue if the LTV % is low enough.

davidmcn

By "completion certificate" do you mean from building control, or from the architect (or something else)?

Caine123

Hi,i took out a 10 year mortgage and the 10 years has ended so i am going to get another mortgage.Yes the completion cert is from building control.

Thanks
for replys

Caine123

HI,the lender i am currently with no longer offer mortgages so i have to change lender (the house value is twice the current mortgage) . The completion cert is from building control.

Thanks for reply's

davidmcn

Caine123 wrote: »

The completion cert is from building control.

So no certificate of practical completion from the architect?

foxy-stoat

davidmcn wrote: »

So no certificate of practical completion from the architect?

Does he really need this, Building Control certificate is all he needs.

You wont get a warranty now, speak to a broker for options on lenders.

foxy-stoat

Caine123 wrote: »

Hi,i took out a 10 year mortgage and the 10 years has ended so i am going to get another mortgage.Yes the completion cert is from building control.

Thanks
for replys

Was it a 10 year interest only mortgage?

davidmcn

foxy-stoat wrote: »

Does he really need this, Building Control certificate is all he needs.

For recently-built houses lenders will generally look either for a warranty or failing that they may accept a certificate from a suitable professional who supervised the build - see 6.7.4 of the CML Handbook.

foxy-stoat

OP may be stuck for a couple of years then as he built it in 2014, odd how the mortgage was taken out in 2009 for a property that wasn't finished until 5 years later though......