Retention query

Countrycat_2

Well this is my second time here, tried getting a mortgage last year but gave up due to the house I wanted being a non standard construction and therefore struggled to get the mortgage.

So this time round I've made sure I'm buying a house made from bricks! only the valuation has led to the lender placing a 3k retention on the mortgage due to damp!! I've had an independent survey done and it is mostly remedial plastering needed.

In order to claim back the money they have retained I Just wondered how does the lender know I've done the work? , do they redo valuation, do I arrange for another damp survey or do I send in invoices of works done??

Thanks

flashg67

Proof of work like invoices should do it, but only your lender can say for sure, so check with hem to be sure - they may need the work done by a member of a relevant trade body to qualify

kingstreet

Invoices/insurance backed-guarantee or re-inspection by original surveyor.