Our housing loan funds will not be released due to reasons which have not been communicated to us in writing and is not stated in the contract. Our signed contract dated 2 march 2011 states funds will be released on written direction from us. The Loans contact persons are now saying they will not release funds until house is completed. This is not written anywhere only verbal by phone. We are now very stressed and our builder may stop all works.
We see this a breach of contract.