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Barclays require re-inspection of new build before releasing funds?

north101
north101 Posts: 16 Forumite
edited 8 June 2018 at 7:07AM in House buying, renting & selling
Post Deleted

Comments

  • RedFraggle
    RedFraggle Posts: 1,445 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Ask Barclays/your broker
    Officially in a clique of idiots
  • north101
    north101 Posts: 16 Forumite
    edited 8 June 2018 at 7:07AM
    Post Deleted
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    north101 wrote: »
    We are buying a new build and under pressure to complete by the end of the month.

    Only the 7th today. Plenty of time.

    Tell the developer the matter is in hand.
  • north101
    north101 Posts: 16 Forumite
    edited 8 June 2018 at 7:07AM
    Post Deleted
  • RedFraggle
    RedFraggle Posts: 1,445 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Edit reason: Too much paranoia
    *sighs*
    Officially in a clique of idiots
  • AdrianC
    AdrianC Posts: 42,189 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper
    north101 wrote:
    Hi Everyone, would really appreciate some advice from someone who's been through this recently.

    We are buying a new build and under pressure to complete by the end of the month. According to our mortgage offer Barclays require 10 days notice for re-inspection of the property. The offer states they won't release the funds until this is done.

    Will Barclays definitely require re-inspection? They had the valuation done at a fairly advanced stage of the build - bathrooms in, roof on, plastering done - we're thinking they might turn around and say they don't need to. Also are we talking 10 days notice for the re-inspection PLUS the 3 to 5 days to release funds?

    Thanks :)


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