& Repair of Concrete (PRC) Houses
the Mortgage Co UK we have many years of expertise in
arranging mortgages for non-standard construction
properties, in particular system-built concrete houses.
If you've had difficulty getting a mortgage or don't
know where you can find builders guaranteed to do an
excellent job at a competitive price, or simply want advice on the whole
process of buying and repairing this type of property,
please call us first. Even if you have already started
the process or have obtained a quote for a mortgage or PRC brick up repairs, it does no harm to have a second opinion and
we may be able to save you thousands of pounds.
us on 08454 174425 or 07966 842293
beware of companies who knock on your door and whose
main selling point is their claim to "do everything
under one roof". They may charge you high fees for this
"convenience", will often quote you inflated
building repair prices and usually fail to discuss ALL
of your options.
1950's and 1960's, following consequences of war, there
was a need to build housing rapidly, with limited
material resources and to build without traditional
was by far the most successful and widely utilised
building material and ultimately more than 400,000 pre-cast
reinforced concrete (PRC) dwellings were built
throughout Great Britain. the various designs shared the
common thread of off site manufacture of the components
in "factory" conditions, with speedy on-site
construction and thereafter, rapid occupation. These
homes were often in excellent locations with generous
accommodation and large gardens and proved to be a
success with the tenants. However in
the end, the lightweight nature of the components that
was such a positive feature of these system-built
properties, ultimately also proved to be their Achilles'
the early 1980’s, coinciding with the newly introduced Right to
Buy legislation, defects were discovered in the load bearing columns
of many of these PRC house designs leading to large numbers of PRC
properties being designated as “defective”. The
outcome was a decision by the major lending institutions that they
would no longer accept such properties as satisfactory security for
mortgages. Thus, the properties were blighted and difficult to sell
other than to cash buyers.
grants were available to repair these properties to mortgagable
standards, however these grants ended in the mid 1990's and today
anyone wishing to purchase these properties privately, or as a
tenant with the Right To Buy has the choice of either using a very
high interest rate mortgage product or getting the property repaired in order
to obtain a competitive mortgage. Existing owners wanting to release
further equity from their homes also face the same problems as very
few lenders will grant a mortgage against an unrepaired PRC house. This
has frustrated thousands of people wanting to buy these houses which
can be highly desirable once repaired.
unrepaired PRC houses, originally designed with a 20 year life span,
are now in very poor condition, and fail to meet modern energy
efficiency standards making them difficult and expensive to keep
warm. Although some
councils and housing associations have carried out cosmetic repairs
to their PRC housing stock, these repairs are generally not to
Mortgage Co UK have a great deal of expertise in
arranging mortgages in this very complicated area.
are many factors to take into consideration, for
example, under the current tightened credit criteria
many lenders will not lend against a PRC house even when
repaired, if it is attached to an unrepaired property.
have the expertise to find you the right mortgage products
Depending on your credit history, bridging finance may
be necessary, however. In this situation we have access
to competitive sources of bridging finance to assist
you. We will give you straight advice and will not waste
your time. On the other hand our advice could dramatically
cut the costs that applicants have to bear.
mortgage or bridging finance will cover the cost of repairing the
property to a mortgagable standards. The
repair is scheduled to start as soon as possible after
the finance is in place (or after the property has been
purchased from the local authority). The lender retains the amount to cover the
building repairs and the builders are paid only when the
repair work has been completed and the Certificate of
Structural Completion issued.
unlike our competitors we do not offer you a "one
mortgage fits all" solution. We
will arrange the right mortgage for you depending on
your financial circumstances and credit history. In some
cases a high street mortgage may be available to you if you
qualify. In such circumstances it may be a condition of
the building contract that payment is made directly to
the builder following completion of the repairs (or at
times the builder will insist on this). We will
arrange for this to be a condition of the lender's mortgage offer.
building work is carried out on a fixed price quotation basis.
This means that apart from any extras you may request, there not
be any "hidden extras" adding to your costs. The cost includes building regulations and planning
where necessary, all building works and structural engineers
fees. You can have the peace of mind knowing that the price
agreed at the outset will be held to.
work is overseen by independent structural engineers (i.e. they
do not work for the building company) who will inspect the work
at various stages and will only issue the Certificate of
Structural Completion when the work is carried out to their
You will not
normally need to move out of your property.
The builders are experienced in working around families living
in their properties during the repair process.
price includes replacing existing windows and
doors with high quality double glazed units. If you have
recently replaced these items they can be retained and refitted
although please bear in mind that council supplied units are not
of equivalent standard. Popular requested extras are replacing a
rear window with a patio door and a front window with a bow
to add loft insulation - to
complete the energy efficiency of the repair (provided that access
can be gained to your loft). This together with the PRC repair
itself will result in a house that feels much warmer, with a
dramatic reduction in your heating bills.
home improvements can often be carried out at the same time,
e.g. extension, conservatory, front porch. Please bear in
mind that increasing the footprint of your house will require planning permission which
the project completion time considerably.
home will be repaired to mortgagable standards, made energy efficient (including new windows doors and loft
insulation) and completely transformed and in better condition than
most traditionally built houses. We
recommend only builders where we are confident that the workmanship
is of the highest standards.
most common PRC house designs include Airey, Boot, Cornish, Hawksley,
Myton, Orlit, Reeman, Unity, Wates and Woolaway. Below
are some examples of PRC Repairs on various house types:
us today for assistance with the mortgage products that may be available
to you or to discuss the
building repair works necessary. If you already have the funds available and do not need a
mortgage we can refer you to approved and competent builders who
have many year's of experience in this type of work. We have
negotiated very competitive fixed prices which you can take