stage payments on a new build

P

paleface

Guest
My engineer has certified an interim stage payment on our new build for €40k, but the mortgage company only approved €22k......... why is this...the work is complete and my builder is hopping.......surely if the work is certified and approved by my engineer, then the mortgage company must pay out. Can't see anything in the terms and conditions.

Can anyone shed any light on same

Thanks
 
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