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Paying for your home in stages

Some builders will request payment at various stages of property construction.
permanent tsb will facilitate these requests provided –
A contract exists for the construction of the property.
All legal and other requirements having been complied with in full.
A certificate of compliance with Planning Permission and the Building Regulations be produced at each stage. This compliance is only acceptable if provided by one of the following professionals;

Chartered or Structural engineers;

Person with a degree qualification in Architecture who is an RIAI/RIBA member;

A person who is in practise as an Architect on their own account or as an Engineer in the Construction industry for 10 years or more, but not holding a degree qualification;

A Qualified Building Surveyor who is a member of RICS.

The person providing this certificate of compliance must have Professional Indemnity insurance equivalent to at least double the loan amount on an each and every claim basis.

Yahoo! Irish Mortgage Centre in association with permanent tsb


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