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New build payment- within 5 days?

(2 Posts)
Fedupofallthemud Thu 30-Jul-15 09:21:18

Is it normal to have to pay full price of new house within 5 days of completion certificate being offered?
This seems very tight to me, but maybe normal?
Anyone who's recently been through this your comments would be appreciated

LazyLouLou Thu 30-Jul-15 09:25:35

Oh! I thought it was sensible/advisable to retain 10 - 20 % for snagging. So you keep some back and only pay it after a few months, when you are sure all is well.

Maybe that is what the 5 day period is??

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