Stage Payments on Self Build - how long to draw down

mu66

Registered User
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I took out a Self Build mortgage of 150,000 in 2007, have only used 3 stage payments so far, 100,000 in total. Does anyone know if I will still be able to draw down the remaining 50,000? Or is there a maximum amount of time allowed between approval of mortgage and availing of the full amount?
I have a tracker mortgage and am expecting the bank will be reluctant to give me the rest of the mortgage at tracker rates!
Any advice appreciated! Thanks.
 
to draw down the final amount the house needs to be finished and signed off, all paper work done and deeds given to the bank if this is the case and winthin your planning permission then I cannot see how they cannot give it to you.
 
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