Can your buyer get a mortgage on the house you are building?
Getting a mortgage on a new build house can sometimes be difficult.
Larger home builders typically arrange for new build homes to be covered by NHBC cover. It is often cheaper though to ‘shop around’ for other suitable home warranty’s which the CML, now known as UK Finance also approve. This will be of particular interest to smaller builders building just one or two new homes and self builders.
Companies such as Professional Consultants Certificates Ltd offer both professional consultants certificates and long 10+ year home warranty’s. These are often over half the price of NHBC cover and are well worth investigating.