AGHHH Please help me

mininoel

OK this is my position and I am desperate for some help now

I am trying to buy a maisonette which has recently been converted (a house into 2 maisonettes)

No strucutral work has been done on the property at all and this has been agreed by a valuer for my lender.

However my lender are saying they will not lend without an NHBC or architects certificate or similar. NHBC is not an option as the work has already been done.

The valuer has reported to my lender that it will not be possible to get this certificate as no structural work was done and these are structural warranties. However because of the CML handbook he is insisting I get one!!!

What am I supposed to do????

Please help I am desperate for advice.

itsgototstop

Someone will be along soon who knows more, but

1) any chance of some kind of indemnity policy from the vendor to satisfy lender?.

2) I'm not a developer but I would have thought it was hard to do a conversion like this with no structural work at all?.

3) Has it got PP and buildings regs compliance?.

SquatNow

SOMETHING structual will have been done, even if it's just adding in a doorway or staircase, unless each new property only has 1 door. (The backdoor of the original house being used as the main door for the downstairs flat.)

mininoel

Each property does only have one door - although not sure if either of them are new doors. If this is the case can I get the NHMB (or similar) based on this work alone?

There is an indemnity policy taken out by the developer although not sure what this covers exactly.

It has got all PP and all Building Regs.....the other one has been sold without any problems.

It always happens on the weekend so I can do very little.:mad:

Jorgan_2

If you are sure this is the only property for you, try & find out which lender (if any) was used for the other property & use them. Their rates may not be as good as the lender you are trying to use, though.

TroysMum

NHBC will not cover this retrospectively, if you have a completion certificate from building control this should suffice.
The alternative is to take out a private warranty/insurance to cover anything that the lender is worried about, however this will be costly. The alternative to this is maybe to change lender who may just accept the building control completion cert.

mininoel

I am looking into changing lender - however do not want to pay another valuation fee to get to the same point. Any advice on which lender to try or what I would need to know from lender to stop this from happening again?