Text for Report on Title
ROT: New Build : No Warranty but Professional Consultants Certificate
- Change date
- 24/10/2018
- Word count
- 243
- Deployment measure
- 8/10
Rationale
Explanation of issues with lack of warranty and relying on a Professional Consultant’s Certificate.
The property does not have the benefit of a New Build Warranty Scheme such as NHBC, and instead the developer has provided a Professional Consultants Certificate. Lenders will generally only lend on a newly built (or newly converted) property where the property is covered by a warranty scheme (for example, NHBC warranty) or the Professional
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