Some People Just Don`t Learn

[tazz]

Got called to a HMO job a few years ago, where a Indian builder had completed the job before BC had surveyed the building....needless to say they they pull it to pieces, no fire alarm, em lighting, fire doors, electrical or gas certs etc...so all was ripped out and redone at a cost.
Today the same builder has constructed 2 new house builds, ready to sell off, and calls me in.....Can you sign off the BC cert for the smoke alarms..?
Firstly I didn`t fit them, so who ever did should sign it off, secondly the install consisted of a ionization detector in the lounge kitchen, and another in the front bedroom linked together....no detection in hallway or landing. I was then asked, did I know anyone who could certify the electrical and gas installation.
Needless to say BC wont allow the 2 houses to be marketed before all this is sorted....

 

[ian.settle1]

I am afraid you are wrong,my friend. They cannot prevent him marketing OR selling his properties.

They can certainly not issue certs etc,and can instigate a number of enforcement or litigation procedures.

BUT....if someone chooses to purchase them,and then someone decides to rent a room in one...they can.

Even if they lodge an interest at the land registry,people buy and sell every day,without these documents being either available,or certain. Some of my friends earn a living doing just this. :icon12:

500K? For a house not signed off it would have to be a cash sale as no Buillding society or bank would lend that amount in the present climate.

 

[PEG]

If that is true..which I very much doubt without BC sign off.....would you buy it...?

True,it is,lenders,vendors and any other interests will have their individual requirements,which will vary in flexibility,but cannot prevent a sale,between two consenting parties.

Usually,it is AFTER the sale,that people stumble about attempting solving certs,consents etc.

Obviously,if a deal is agreed on the basis of,say,a loft conversion being a habitable space,and it is not,that is a legal selling issue,but does not prevent a sale.

As a small example,of the many issues such as this,i have either been involved in or viewed,a while back,Manchester City FC sold their training facility close to where i live,and the new owners found out part of it had been built on green belt land,without planning consent.
Did the sale fail? Was the planning committee up nights worrying? ....:icon12:

 

[TJ Anderson]

True,it is,lenders,vendors and any other interests will have their individual requirements,which will vary in flexibility,but cannot prevent a sale,between two consenting parties.

Usually,it is AFTER the sale,that people stumble about attempting solving certs,consents etc.

Obviously,if a deal is agreed on the basis of,say,a loft conversion being a habitable space,and it is not,that is a legal selling issue,but does not prevent a sale.

As a small example,of the many issues such as this,i have either been involved in or viewed,a while back,Manchester City FC sold their training facility close to where i live,and the new owners found out part of it had been built on green belt land,without planning consent.
Did the sale fail? Was the planning committee up nights worrying? ....:icon12:

Conveyance solicitors find enough stumbling blocks with bonafide house sales let alone no BC sign off, I think in reality the sale would fall through at the first hurdle.

 

[NDG Elecs]

Not so much "after the sale" these days, lenders are generally wanting all kinds of certs and details of any work carried out by the vendor. I have known several house sales fall through due to lack of documentation. My missus has been an estate agent for the last 22 years and it drives her potty when a sale falls through often due to next to nothing.

 

[PEG]

500K? For a house not signed off it would have to be a cash sale as no Buillding society or bank would lend that amount in the present climate.

Partly true.

Banks,building societies and other lenders,lend, based on risk.

If they are lending 60% of the purchase cost,and the lack of certs or similar,is assessed as reducing its' value by 10%,they may well guage the risk as fine.

They may increase the cost of said loan,or decline. The appetite for risk withered,post 2007,but the signs are now showing,of a relaxing lending policy,manifesting itself in some selective property boosts.

I will leave you with a pretty salutary example of the mid 2000's lending race...a friend purchased a property,with a mortgage from a well known high-street bank...£380,000...looked VERY expensive to me,but...few years down the road,re-mortgages with the same lender for another £100,000...he has some problems,towels it,and drops it back on the banks toes.

Property goes up for auction,and sells,(to a gentleman i also know) for less than £250,000.

Now,this property has issues with the ownership of the land it sits on,its' water and electric come from and via,the original owner (owns land adjacent) the gas meter hut is owned (1m x 2m) by same,one boundary has a strip of land (of disputed size) owned by someone else.......i could go on about the sewerage,rights of access etc etc but you get the picture...

Did any of these long standing issues prevent any sale,in either instance? ...I rest,your honour...:icon12:

 

[R G]

New build requires also an indemnity/insurance like nhbc or equivalent for the prospective buyer to get a mortgage , this would only be obtained if BC sign off the property..

This guy would only be able to sell to a cash buyer or someone putting down a very high deposit ..

 

[NDG Elecs]

I hear what you are saying PEG but that was 10 years ago pre-recession....

 

[PEG]

I hear what you are saying PEG but that was 10 years ago pre-recession....

Yep,that example was,but i have pals dealing in land and property,week in,week out,and certain parts of that trade are heating up...

My missus has worked in the world of finance all her life,and,as a consequence,i have got to meet some very "interesting" people. At both ends,profit trumps ethics,almost always.

From the paltry few percent of (hopefully) risk-free bank savings interest...to the 3500+% of a pay day loan...it is the risk,apparent or otherwise,which sets the rate.

I've took up too much of your time,on this one topic,so i will bow out...this thread is a reminder that just because we sometimes want people to pay the price of not playing by the rules,a la planning,it does not always follow...:icon12: