The Defective Premises Act 1972 was introduced with the intention of establishing Liability for injury or harm caused to persons through defects in the state of premises.
Prior to the act being passed, builders who worked on – and created – unsafe properties were mostly resistant to prosecution and landlords who rented properties where a non-tenant was injured because of a hazardous building could not be sued.
In an effort to resolve these irregularities, the Act established a sequence of guidelines laying out a duty of care for builders, sub-contractors and landlords.
There are many properties that are classed as defective but are still mortgageable so if your property is classed as defective under the terms of the act then don’t lose hope, call us on 01704 808286 and we’ll try our hardest to help!
Decades of Mortgage Broking Experience to get you the mortgage you deserve
Call us today on 01704 808286 or complete our Factfind Application for a prompt response
Westminster Chambers • 106 Lord St Southport • Merseyside PR8 1LF
You may be required to pay a broking fee. The fee will depend on your circumstances, an indication is 2.5% of the loan subject to a minimum of £2300.
The overall cost for comparison is 4.6% APR but the actual rate available will depend upon your circumstances. Please ask for a personalised illustration.
Think carefully about securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.