PRC certificates and mortgage lenders

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All mortgage lenders have their own criteria when it comes to lending on PRC houses. Mortgage lenders today will not lend on a repaired PRC houses unless a PRC certificate or a retrospective PRC certificate is in place.

A PRC certificate / Retrospective PRC certificate is confirmation of the repair system carried out on the property. On receiving a copy of the certificate, the mortgage lender will check to see if the repair system which has been carried out meets their lending criteria.