PRC/NON STANDARD CONSTRUCTION

PRC stands for Precast Reinforced Concrete, this is concrete that had steel rods added during the manufacturing process then erected on site into houses. Thousands of these homes were built after the war to ease housing shortages and were only intended as temporary housing. As a result of structural problems which are now becoming apparent, these houses have been classed as defective. In addition to this, these properties also have poor levels of insulation making them more expensive to maintain and causing problems with noise and condensation.

If you have been a tenant for the qualifying period (2-5 years depending on when your tenancy started) you should have the ‘right to buy’ your house from the council with a generous discount. If your house is of PRC construction you will be offered a further generous discount making the final purchase price very attractive.

If you want to buy your home you may struggle if you need a mortgage, as PRC properties are classed defective and most banks and building societies will refuse to lend on them until they have been repaired under a licensed scheme, and certified as such.

We have an exclusive scheme with a mortgage lender who will lend you the money to purchase and repair the property with one easy mortgage. The lender offers a large range of competitive mortgage products to choose from. You may also be able to consolidate debts or borrow extra to improve your home with new windows, kitchen, driveway etc. We can even help if you have a poor credit history.

For a free initial consultation to discover if this option is available to you, contact us now.

Mortgage Select will charge a fee of £1,995 on completion. Your home or property may be repossessed if you do not keep up your repayments on your mortgage.

Contact us for more information