I definitely would, give Nani a call, you’re in great hands, and thanks for kind words

Hello, full disclosure I am a broker but strongly recommend you find one near you - for starters ING are great but they don’t do building loans, at all!
The interest…

Thanks for the tip. I’m on acreage and lots of foliage. I do remove standing water but it will always be a mozzie heaven.

Can’t get it at all by the looks - but thanks for the feedback.

Hello, did any of you get these? I am looking to cover an acre and have been told the mosquito slayer is the one for me but reviews are very…

Yep, it’s possible - but I guess I’m not familiar with your land / build splits to comment on that

Hello, if I answer the final question it will give you the answer to all of them.
Very few lenders accept a partially complete construction - it’s a very risky position…

You’re very welcome, it’s likely they’ve already got that underway - most brokers won’t want you to buy the land without knowing you can afford to build on it

Hi Annie,
Yes you can do that exact sequence. Definitely they will do as if complete valuation at any time the build contract is ready.
For the preapproval they need the…

Hi Annie,
Firstly - to your extension, what state are you in?
What you’ve done sounds very normal. You can’t get the build loan approved without plans and a build contract (with…

Umm more info needed! Easy option - ask friends and family to recommend a good broker near your 😉

Was there any difference between the contract amount and the original tender?
Or the contract and the actual charges from the builder?
Don’t spend it until you clarify (you should be able…

Ha! Sounds like you have some left over money - or “surplus funds”, it could be these were borrowed for landscaping or other “finishing items”, your fence etc.
If you…

So we aren’t talking personal circumstances here - but the respondents are pretty spot on....
Equity (your deposit)
And your ability to repay a loan
Are two completely different animals.
And the lenders are…

Did you happen to include a provisional allowance for these upgrades in your tender?
The difficulty comes in revisiting the valuation (if necessary) you HAD a kitchen, now you have…

Lenders will allow your income to be taken into consideration as a co-borrower or a guarantor if there is “substantial” benefit to you. How that looks differs between lenders.
Some are…

All lender criteria vary widely - including the way they scale rent and other commitments. Additionally they have to test based on a buffered interest rate (and are regularly audited…

Congratulations ... and commiserations. I'm glad you worked it out before you bought & it's a valuable exercise I encourage.
You should be able to simply convert to any property.

Ohhhh ok Suncorp explains a lot, they’re verrrry slow at the moment, and have been for quite a while. So slow they are completely off my radar.
Look it’s not impossible…

Can I just confirm - strata lots? Is it a unit or villa type? Connected walls or free standing dwelling?
Have you had any lender feedback, ie: the need to supply…

Sitting next to a lender
Definitely Buyback clause is not something a bank is keen for, however, definitely bank does want you to build quickly, which…

I think you actually might have that mistaken - banks tend to avoid buyback clauses.
95% inclusive (so 92% + LMI) is not uncommon nor difficult in metro locations for…

Erm, that’s not Aussie, are you looking in Australia?

Technically as you didn’t live there you May be ok. You’ve done the right thing contacting the OSR, let them be the arbiter. You can ring them on Monday too,…

Technically as you didn’t live there you May be ok. You’ve done the right thing contacting the OSR, let them be the arbiter. You can ring them on Monday too,…

Hi, I assume you have a bridging loan? What state are you in? The obvious issue is if the property does not sell, or does not sell for the right…

I’m saying this in a really small voice...unfortunately it is. Every lender has some kind of construction fee charged either up front or per progress draw and it covers the…

Opinion only offered - educated opinion
So - your question is a little bit how long is a piece of string because there are very many…

Rex, you can but be mindful the bank has the final word and the valuers don’t like being challenged. And ultimately the banks won’t use a valuation from a valuer…

Absolutely critical support. I agree. Perhaps there has been a major illness or worse. Fingers crossed for smooth sailing for you hereon in.