UB- how long to process stage payment claim?

tras

Registered User
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We are currently renovating a house and our builder is really doing great work to get the project finished on time (he has said he will be finished in 7 weeks...) We called up last Sunday to have a look around and there were 2 tradesmen working away! Our first stage payment Cert is being sent in today as we are really caught for money- have ended up applying to CU for a loan to tide us over but waiting for that EFT to hit my account! My builder is being very understanding but I know he needs money soon...does anyone know how long the bank usually takes to process the application...and in real terms,how soon our solicitor will have the cheque. Am stressed out (and 25 weeks pregnant...not a good mix!)
 
Follow this up with your local branch first (they will probably refer you to loan disbursement section). Provided cert is OK there should be no issue in releasing the funds. Make sure that you get clarification that the Cert has been received & that there are no other outstanding issue to delay release of funds.
 
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