HSBC will change its criteria around the New Home Warranty scheme so that professional consultant’s certificate (PCC) will be acceptable warranty for a new build property.
A PCC is a legal document that confirms a project has been completed satisfactorily then reviewed and signed off by a qualified architect or surveyor.
Currently HSBC criteria says that a PCC is not acceptable for a new build property, other than where the property is a conversion and has not had full structural alterations.
According to a broker note, from 4 December, PCCs will be eligible for newly built homes within a development of no more than 10 properties.
The note added that if the property is a flat or maisonette, a PCC needed to be available for the “common parts and the structure of the building” if these are part of the new build/conversion works.
HSBC continued that the conveyancer would need to ensure that the new home warranty, whether a PCC or Structural Defects Warranty, meet the criteria confirmed in the UK Finance Mortgage Lenders Handbook.
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
