A family from Warwickshire thought they were buying a brick built house in Warwick. It has a nice red brick fascia covering three side of the semi detached house in Warwickshire, the UPVc windows appear new and the Warwickshire house looked like a great buy for the family from Warwick, but a surveyor from the Building Society in Warwickshire looked a bit closer and discovered that the Warwickshire property has been wrapped and is in fact a Wates PRC House. A wrap scheme was an acceptable method of improving the energy efficiency of a Wates PRC House in Warwickshire. Going back to 2005 - 2006 Wates PRC wrap schemes were mortgagable by a limited number of lenders in Warwickshire, but the wrap scheme does not involve the removal of the defective concrete elements from the Wates PRC Houses in Warwickshire.
In discovering that this Warwickshire property is in fact a Wates PRC House and has not had a full PRC repair, then two families have been left disapointed by the fact that one family cannot now buy the Wates PRC House because the Building Society will not grant a mortgage for a concrete house and the family selling the Wates PRC property in Warwickshire will see the price they were hoping to sell thier Wawickshire home for slashed by many thousands of pounds.
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