PRC is an abbreviation of Pre-Cast Reinforced Concrete and was the principal material used in the construction of houses that were mainly built in the period after the Second World War, filling the gap left by the bomb damage and the need to rehome returning military personnel. In the early 1980's it was discovered that deterioration of the reinforcing steel could, in time, lead to the cracking of the concrete panels; and with obvious potential dangers PRC houses were designated defective.
However PRC properties are often in excellent locations with good sized accommodation and spacious gardens, making them very popular and, once repaired, highly desirable.
Properties of non-traditional construction including PRC House variants Airey, Unity, Cornish, Wates, Reema, Orlit and Hawksley can all undergo a fully licensed structural repair, which leads to the issuing of a PRC Certificate by a fully qualified PRC Structural Engineer. This Certificate legally proves that the PRC Property in question, has been brought up to the required construction standard recognised by banks and building societies for the purpose of mortgage lending.
The various types of PRC Homes we deal with all require different repairs in order to make them compliant with the required mortgage criteria. This often involves the removal of or making redundant the existing concrete pillars, blocks and internal beams. With many PRC Repairs it is possible for the occupants to remain in residence whilst the work is undertaken with others it is not. We are able to give guidance in the initial stages of contact regarding this issue, so that long term plans can be made in good time.
Certain PRC Home repairs on PRC Properties such as Wates and Reema, have previously been dealt with by treating the concrete in order to try and stem the erosion and stabilise the load bearing walls, a brick skin is then built around the concrete for aesthetic purposes. We now know that this particular method has become more and more unacceptable to mortgage lenders and as such we will only ever recommend a full PRC Homes licensed repair for these types of PRC Properties.
Once repaired to the standard required and a PRC Certificate issued the traditional brick exterior finish will transform the look of the house and will ensure mortgageability for the current and future owners of the property. As a property it then becomes a viable equity asset within current market values and a home that you will be delighted and reassured with.
We are receiving increasing numbers of enquiries from owners or purchasers of Airey houses that are not able to satisfy mortgage lenders criteria with the documentation they have. This is often because although the external repair works have been completed the internal load bearing columns have not been dealt with.
If you currently live in a Council House or Housing Association property you may be entitled to buy your PRC home at a discounted price.
If you would like to know more about how PRC Homes can help you then in the first instance please contact us and we will be happy to discuss your requirements.
In line with the advice from the Financial Regulators, please think carefully before securing any debt against your home. Your home may be at risk if you do not keep up repayments on your mortgage and other debt secured on it.
