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A Credible Alternative to a Structural Warranty

If you require cover for a property that is under 10 years old, or for a property that is under construction, Compariqo can arrange a Professional Consultants Certificate (PCC), which is a minimum requirement by mortgage lenders to be able to obtain a mortgage, or to ensure that mortgage terms are not being breached if no cover is already in place. 

A PCC can enable a house sale and provide the new buyer with a solution to obtain a mortgage.

A Credible Alternative to a Structural Warranty

If you require cover for a property that is under 10 years old, or for a property that is under construction, Compariqo can arrange a Professional Consultants Certificate (PCC), which is a minimum requirement by mortgage lenders to be able to obtain a mortgage, or to ensure that mortgage terms are not being breached if no cover is already in place.

A PCC can enable a house sale and provide the new buyer with a solution to obtain a mortgage.

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0203 745 1819

The PCC was first introduced by the Council of Mortgage Lenders (now UK Finance) in 2000 for use by professional consultants in the construction industry. Also known as an “Architect’s Certificate”, the PCC is also widely used amongst other Professionals in the industry such as engineers or surveyors who are accredited to a professional institution.

In some cases, a structural warranty may not have been arranged such as if the property has undergone a conversion that would not benefit from a full structural warranty or if the property was a self-build. It may also be that any cover that was previously arranged has lapsed or has been left invalid by the provider going out of business.

In these instances, a PCC is a fast, cost-effective way of providing a form of insurance cover for a property under 10 years old.  A PCC will cover most types of residential properties and is widely accepted by mortgage lenders

A Professional Consultants Certificate confirms that the professional consultant: 

  • Is fully qualified in experience to monitor the construction and conversion of residential properties.
  • Will retain a level of professional indemnity insurance to cover the respective liabilities under the certificate.
  • Has made progress checks on the property to ensure that it conforms with drawing plans that were approved under building regulations and also under the building contract.
  • Will be liable to the first and subsequent owners of the property for a period of 6 years from the date of the certificate.

Although a PCC (or a structural warranty) can be arranged at any point, the ideal time to arrange one is at the start of the build so that key inspections can be factored in to the process of arranging the certificate. This provides extra protection for the conveyancer’s client’s and can ensure building contracts are in order as well as plans and ground reports.

It’s important to bear in mind that a PCC is not an insurance policy and do not afford the same levels of cover as a structural warranty. However, they do provide insurance cover and are a credible option to enable the completion and sale of a new build property. Any claim brought will be done so against the professional indemnity insurance of the professional consultant who performed the inspection of the property and signed off as satisfactory on building controls standards.

A PCC is a credible and worthy tool to use when needing to provide assurance to a lender and confirmation that the property meets the conveyancing requirements as defined by UK Finance.

If you would like to enquire about a Professional Consultants Certificate, please fill out the form below to get a price indication. 
If you would like to enquire about other types of construction insurance or property finance options, please click here 

Once you have submitted your information, you will be able to proceed to our online payment platform. Upon receipt of payment, Compariqo will pass your order and payment on to the provider who will contact you to arrange an inspection of your property.

We will then arrange for a professional consultant to visit your home to make an inspection.

Have a question? 
Contact us via email hello@compariqo.com or via phone 0203 745 1819.

  • Please provide us with the approximate re-build cost of your property. This is often the sum insured for your household buildings insurance.
  • For example if it was £123,566 only type in 123566. Thank you
  • If known.
  • Please provide us with the approximate sales value of your property on the open market.
  • compariqo.com/pcc-terms/
  • Please Click to Accept

**NB**

Please be sure to check your SPAM/Junk folders for your price indication email.

FAQs

I just want new cover in place, how quickly can I get this?

We can quote you directly and once you accept and pay your cover will be arranged.

Can I request a copy of previous documents supplied by the Developer for the original policy purchase?

Yes, you can contact the developer directly.

What is a retrospective policy?

 This is when a construction has been completed and you are looking for cover after the build has completed.