Originally Posted by Rocktop_FC
Ok my mate is has applied for a mortgage and got the surveyor's report back and it states that the electrical work needs checking and repairs doing and they are recomending that the lender hold back £1000.
Is this common practice ?
If yes are there any electricians on here who could assist ?
Yes retentions are but for that amount of cash its doubtful if the mortgage company would and hes only covering his arse.
Ring them and clarify it as they may word it differently in the mortgage offer and not hold this back.......