Mortgage retention help!

Hi all,

Can anyone help me understand mortgage retention?

I have had a mortgage offer with a £2000 retention applied.

If I put down the extra £2000 myself and never have the work done specified in the retention (involves getting a damp/ wall tie inspection) and never go on to claim back the £2000 held back does that mean the retention no longer applies?

I have had a full building survey done which has not picked up anything sinister (damp or otherwise) so am happy to proceed with the purchase.

As we can get the extra £2000 now from savings, we wouldn't need it back on the mortgage. So would the £2000 we pay at the start effectively be a £2000 payment off the mortgage?

Hope my post makes sense to someone, because at the minute it is making no sense to me!! :rotfl:


Any help would be greatly received!

Thanks