This is NOT to be taken as a comment on house prices.
A possible cause of a restricted final draw down is the falling value of the property.
If the cut off point is say 80% and the loan to value ratio at the moment is 80% based on the likely re-sale value of the house.
Should the value of the property fall, then the loan to value ratio will rise above 80% and the bank may apply a corrective measure.
One such measure which was referred to in a recent thread suggested that the bank might not be going to pay the final loan draw down.