Concrete Cancer & PRC Property
- Emma Selfridge Lawyer
- Feb 8, 2023
- 1 min read
Updated: May 12, 2024
This affects PRC and non-standard construction properties.
Mortgage lenders do not like it and generally refuse to lend on affected properties, unless remediated.
Be wary if dealing with PRC or non-standard construction properties.
There are ways around this but you need to instruct an expert.
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…
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