We visit the house as the build progresses at set stages (as Building Control) from commencement to completion.
Exercise reasonable skill and care to check generally:
Certificates in line with Council of Mortgage Lenders (CML) template.
Fees are calculated depending on the size and complexity of the dwelling.
Some dwellings take a long time to build, what happens then?
The final fees may be re-calculated to account for changes such as interest rates. If an inspection is not requested in a 24 month period, then the assumption will be the PCC service is no longer required. The information to date on the house will be saved but will cease the inspection services. A client is always contacted to confirm this is about to happen to allow suitable time to arrange an inspection if the service remains a requirement.
Lenders will generally only lend on a newly built (or newly converted) property where the property is covered by a warranty scheme (for example, NHBC warranty) or the Professional Consultant's Certificate (PCC). The PCC is for use by professional consultants when designing and/or monitoring the construction or conversion of residential buildings.
The purpose of the PCC is to confirm to the lender (or its conveyancer) that a professional consultant:
Has visited the property to check its progress of construction, its conformity with drawings approved under building regulations and its conformity with drawings/instructions issued under the building contract;
Will remain liable to the first purchasers and their lender and subsequent purchasers and lenders for the period of 6 years from the date of the certificate;
Has appropriate experience in the design and/or monitoring of the construction and conversion of residential buildings; and
Will keep a certain level of professional indemnity insurance in force to cover his liabilities under the certificate.
Council of Mortgage Lenders (2017) https://www.cml.org.uk/lenders-handbook/pcc/