Professional Consultant Certificate

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 CML Professional Consultant Certificate.

Lenders' full new build requirements are set out in the Lenders' Handbook (in section 6.7). The Lenders' Handbook provides comprehensive instructions for conveyancers acting on behalf of lenders in residential conveyancing transactions.

The CML Professional Consultant Certificate can only be signed by a consultant with one or more of the qualifications listed in section 6.7.4 of the Lenders' Handbook (for example, fellow or associate of the Royal Institution of Chartered Surveyors). By signing the certificate the consultant confirms that he has monitored the construction of the property and that he will remain liable to the owner and any lenders for six years.