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Last stage payments

05.03.2020 13:16 #1
I note that for self builds the final 10% of the mortgage cannot be drawn down until cert of completion and compliance, and final valuation is with the bank, and house is liveable in. Can someone explain this please, as this means we would not be able to use the final 10% to complete the house, most likely savings would have to be used. But then why would you draw down the final 10% when you no longer need it? I would be grateful if someone could please explain or give any tips? Many thanks
09.03.2020 15:44 #2
Verified representative
Hi Annie,
Thank you very much for your message. I can confirm the terms and conditions are located in your loan offer, if you would like to discuss this further you can do so by contacting our completions team on 00353 1 664 6444 or if this is a broker case we would advise contacting your broker.
Many thanks, 
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