What is a PRC Property?
PRC is Precast Reinforced Concrete or Non-standard construction property. No longer popular but it used to be. It was cheap and quick to put up.
What is the Problem?
Lenders do not like it!
Why?
It is prone to failure & concrete cancer!
Resulting in expensive structural work
Which must be carried out by a specialist
This can mean loss of value
There may be difficulty on resale
Buyers cannot mortgage it
Is there a solution?
Yes, but it’s not quick or easy!
Read more here…
https://www.comparemymove.com/advice/buying-a-home/what-is-a-prc-property