Category Archives: Professional Consultants certificates

 

11 
Jul

Professional Consultants Certificate Ltd sponsor local charity ball

On Friday 24th June we were delighted to support the Bowdon prep School Ball raising money for a local charity CAFT (The Children’s Adventure Farm Trust) who organise special events and holidays for disabled and disadvantaged children.

A fabulous time was had by all from the celebrity compare Mike Toolan, Can Can Girls, Accordionist Yvette and the infamous ‘Chamber Choir’ presented by Mrs Patterson.

The event raised in excess of £16,000.

Professional Consultant Certificate Ltd offer home warranties for new and converted properties

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Published Date: 11th July 2016
Category: architects certificate news, Home warranty, Professional Consultants certificates


 

16 
May

Can you get a mortgage on the house you are building?

self build

Securing a mortgage for a new build house can sometimes be difficult, especially if the developer is still constructing the property. If you’re only a buyer and not a builder, the person or company in charge of the construction project should already have a 10 Year Structural Warranty in place.

As the buyer, this policy will protect you against the builder going out of business during the build, then pass onto you when the new build is complete. This will then provide financial security against latent structural defects for the next 10 years. If the developer doesn’t have one of these policies, or you buy after completion, the alternative option is a 6 Year Professional Consultants Certificate.

Since getting a mortgage involves a financial institution taking the risk of investing in your property purchase, most banks and building societies will expect there to be some kind of official guarantee that the new build is structurally sound and in compliance with building and safety regulations.

This is why it’s often worth ‘shopping around’ for a suitable home structural warranty, especially for small builders and self-builders. While NHBC is one of the best-known providers, it’s not always the most affordable or the best deal. So, if you’re looking for an alternative UK Finance-approved policy, to help you get a mortgage for the home you’re building, why not consider our ABC+ Warranty?

Can you get a mortgage to build a house?

Yes, you can. Unless you’re able to finance the build yourself from your savings, selling assets, or another type of loan from your family or the government, then it’s likely you’ll need to apply for a self-build mortgage. Standard residential mortgages usually apply to completed new builds, with the money released in a lump sum at the end, whereas the process for a self-build is very different.

Whether you’re in the planning stages after buying a plot of land to build a house on, or you’re converting or renovating an existing structure like a barn, there’s sure to be a structural warranty that suits your situation – which will then help you to secure funding in the form of a mortgage.

If you’re a first-time builder or buyer, banks and other lenders may be cautious and reduce the amount you can borrow. Since self-build mortgages tend to be released in stage payments to help you finance each step of the project, you need to be in the best possible position financially to get the most from the lender – including having the protection of a structural warranty and good credit.

There are different types of self-builds, depending on the level of involvement you have in the actual construction. For example, you could design the home and participate in building it, or design it all then hire a contractor to do the construction work – or even buy a partially-finished property from a developer and complete the build yourself. The way you do it will affect your mortgage eligibility.

The best approach is to work with a qualified builder or general contractor who has the provable experience and qualifications, plus the correct insurance. It’s difficult to completely DIY a self-build house if you aren’t an experienced builder yourself, as you’ll need the proper licenses and insurance.

Can you get a mortgage to buy land?

Yes, it’s possible to apply for a self-build mortgage in order to first purchase the plot you want to build on. If you don’t have the money to purchase land upfront, it may be better to get a separate loan known as a land mortgage or land loan. This is because the amount you can borrow to pay for the land can be higher than the amount you can borrow to pay for the construction of the house.

For example, you may be able to borrow up to 75% of the land value, but only around 60% of the building value (in the case of a self-build, this value is estimated from the plans). Of course, you’ll need to have your designs drawn up and secure planning permissions from the local authority before submitting your self-build mortgage file – the application won’t succeed without them.

Having two separate mortgage loans for the land and the house itself can make things complicated, and may increase your costs, but it’s still manageable if you take good control of your finances and manage your resources in a realistic way. The down payment for a land mortgage may be around 15%-25%, while the deposit for the actual self-build mortgage may be higher (between 25%-40%).

How do construction loans work?

A construction loan is simply another name for a self-build mortgage – because you’re borrowing the money to build the house rather than purchase a completed structure. Just as there should have been a new build structural warranty in place from the start when you purchase the home from a developer, so should there be a self-build structural warranty in place before you start construction.

If a bank agrees to lend you money for a self-build, you can receive a lump sum mortgage payment in arrears after funding everything yourself or in gradual advance payments. Obviously, most self-builders prefer to receive stage payments throughout the build to fund each stage of construction work, rather than paying out of pocket then using the mortgage payment like a reimbursement.

You can find out more about self-build mortgage stage payments in our dedicated guide. One of the risks of this type of loan is that your project can easily go over budget if you don’t plan carefully, and the mortgage offer may have a time limit (for example, giving you one year to complete the build). The interest payments are also likely to be higher than they would for a typical residential mortgage.

On the plus side, self-build stage payments are an extremely useful way to keep the project on track, and having a self-build structural warranty ensures that the bank should sign off on each stage payment. Your structural warranty provider, such as ourselves, should send a chartered surveyor to carry out regular professional inspections and check on progress and legal compliance.

These loans are sometimes also known as construction-to-permanent loans, because the stage payment loan can be converted into a normal residential mortgage once the building is complete, at which point you’ll begin making your self-build mortgage repayments according to the contract. You’ll typically only be paying interest on the mortgage loan throughout the duration of the build.

Which structural warranty do you need for a self-build mortgage?

As we’ve discussed so far, a specialised self-build mortgage usually requires an equally specialised self-build warranty. Here at Architects Certificate, we provide a range of UK Finance-approved 10 Year Structural Warranties, which are accepted by more than fifty approved lenders in the UK.

No one can answer the question of whether it’s better to buy or build a house for you – that’s something you need to decide for yourself. Your chances of mortgage approval and the processes involved in building and buying can vary according to your individual circumstances, so it really is up to you. Whichever route you choose, we can provide a suitable structural warranty for your home.

For more information on the UK Finance certificates and warranties we supply (previously known as CML architects’ certificates), please give our team a call on 0161 928 8804 or send an email to info@architectscertificate.co.uk. We’ll be happy to provide assistance and offer a tailored quote.

This article was updated on 04/03/2022.

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Published Date: 16th May 2016
Category: ABC+ warranty, Cheaper than NHBC, CML, Home warranty, New Home Warranty Insurance, Professional Consultants certificates, self building first time buyers, structural warranty


 

19 
Feb

Architects Certificate vs NHBC

full site inspections

When looking to keep your building insured, you’re going to want to find the best possible warranty, so you know you’re in safe hands. Of course, there are many options out there, so deciding on the right one can be difficult. By looking a little deeper for worthwhile alternatives, you can benefit from a better deal that provides the same level of security.

Obtaining a mortgage on your new build is crucial, and is often a standard requirement from any mortgage provider, so they can feel confident in supplying you with the cover you need. They will always ask for some form of building warranty before granting a mortgage for your property.

One of the most popular options out there is the NHBC Warranty, which is well-known by many. However, many builders that are smaller in size, or those that are self-builders, find that the cost of an NHBC Warranty can be extremely high.

It’s with this in mind that, here at Architects Certificate, we can list some alternatives to this warranty, in some cases saving you over 50% of the cost!

Alternatives to the NHBC Warranty

The two primary options to consider for an NHBC Warranty alternative are:

Option 1 – You can obtain a Professional Consultants Certificate, that provides you with a 6-year warranty.

Option 2 – You could benefit from a 10-year structural warranty, like our ABC+ Warranty.

If you’d like to find out more about each of the solutions available, be sure to check out the graphic below for more information. This will help you compare the different options, so you can decide which one suits your requirements best.

We are often asked to compare the NHBC warranty to an Architect’s Certificate.

We have seen media articles warning of the danger of using an Architects’ Certificate over a full building warranty. It should be said that these are two very different and separate systems, performing different tasks – so it’s like comparing apples to oranges.

However, the main issue is accountability, since remedial repairs are possible for both systems. Worthy of note is that there are far more complaints about the NHBC’s track record than any individual architect.

When choosing your architect to carry out monitoring and site checks, please choose a well-established company. BE WARNED: YOU ARE ASKING FOR TROUBLE IF YOU CHOOSE AN ARCHITECT WITH NO OFFICE OR LAND LINE PHONE , since it is very likely he won’t be around in a few years’ time.

Always obtain their credentials. Are they insured properly? Are they registered for VAT? Does their certificate comply with the Council of Mortgage Lenders or UK Finance requirements? We offer a free checking system for examining compliant certificates, so you can restore your confidence in your cover.

Why choose Architects Certificate over NHBC?

certificateplus+ building warranty

Since 1989, our MD at Professional Consultants Certificate Ltd has advised thousands of house-buyers and builders on the pros and cons of both systems. If you are in any doubt, please ask to speak to one of our highly qualified staff. Our surveyors are covered by a £2,000,000 professional indemnity policy.

Our unique ABC+ Warranty system means that you can start on a low-cost Professional Consultants’ Certificate, and upgrade to a fully compliant Structural Warranty at any time during or after the project.

To discuss any enquiries with our team of experts, call us on 0161 928 8804 or email us at info@architectscertificate.co.uk. You can also fill out our online form and we’ll get back to you.

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Published Date: 19th February 2014
Category: architects certificates, Professional Consultants certificates
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18 
Nov

Great Success for the Latest Architects Certificate Meeting

Our annual CPD meeting for our sixteen surveyors happened on Friday the 1st of November. This was a great success for Professional Consultants Certificate Ltd. Many issues were raised and solutions discussed… all surveyors left the meeting being satisfied with our general improvements to our surveying services. Our unique product of CertificatePlus+ has matured to a fully functional warranty service, which is considerably cheaper than an NHBC warranty. We have achieved an association with various warranty providers enabling our clients to achieve a seamless surveying service to a ten year defects policy.

 

10-year-warrantyCertificatePlus+                 

                          

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Published Date: 18th November 2013
Category: ABC+ warranty, Professional Consultants certificates
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20 
Aug

Architects Certificate Extended Opening Hours

From the second week in September the Architects Certificate customer service team will be available much later in the day. Our new telephone reception will extend to 16:30. This will enable a much improved service to answer all of your professional consultants certificate enquiries. As the market leader for the industry we can offer very competitive quotes. Go with the best forget the rest. Established 1989.

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Published Date: 20th August 2013
Category: architects certificates, Professional Consultants certificates, warranty enquiries
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20 
Aug

Professional Consultants Certificates now in Northern Ireland

professional consultants certificate in northern ireland Professional Consultants Certificate Ltd welcomes Roger Patton as our Northern Ireland regional surveyor. Roger is a very experienced surveyor who has specialised in residential construction for many years. Roger also offers architectural services in addition to site monitoring.

Enquiries are now welcome from Belfast, Omagh, Londonderry, Newcastle, Ballymena, Enniskillen.

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Published Date: 20th August 2013
Category: architects certificates, new surveyors, Professional Consultants certificates
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16 
May

Professional Consultants Certificate March 2013 News

Welcome to the March edition of the Architects Certificate monthly newsletter. This Month we revisit the Eco-Build in Penymynydd and a new site in Rhyl, we are also making constant changes to our advertising methods and website.

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Published Date: 16th May 2013
Category: architects certificates, EcoBuild, Professional Consultants certificates
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07 
Mar

Professional Consultants Certificate February 2013 News

Welcome to the February edition of the Architects Certificate monthly newsletter.
This month’s newsletter is a bumper edition featuring 5 sites that were visited in early February. There have also been a few updates to the website such as the addition of a testimonials section.

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Published Date: 7th March 2013
Category: architects certificates, Professional Consultants certificates, Self Builds Stafford
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13 
Oct

Professional Consultants Certificate September 2012 News

Welcome to the September edition of the Architects Certificate monthly newsletter. This month has seen many new additions to Architects Certificate, not only in the services that we provide but in terms of 2 new RMSs. This allows us to be more efficient, cover a greater area and provide our services to more clients nationwide.

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Published Date: 13th October 2012
Category: ABC+ warranty, architects certificates, Professional Consultants certificates


 

 

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