
Developer/Builder + Broker Purposely Stalling Finance?
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…

Developer/Builder + Broker Purposely Stalling Finance?
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…

Mortgage with 92% LVR
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…

Mortgage with 92% LVR
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…

Land and Construction Loan
Erm, that’s not Aussie, are you looking in Australia?

Stamp Duty Question
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,…

Stamp Duty Question
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,…

Building a house with a Mortgage
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…

Construction Administration Fee by Bank
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…

Lots of questions Re: first mortgage for land/construction
Opinion only offered - educated opinion
So - your question is a little bit how long is a piece of string because there are very many…

Valuation shortfall Construction Loan
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…

Using a new broker after pre approval expires
Absolutely critical support. I agree. Perhaps there has been a major illness or worse. Fingers crossed for smooth sailing for you hereon in.

Using a new broker after pre approval expires
I'm really sorry to hear you didn't have a good experience - but you can do whatever suits you. Be mindful you don't want too many credit enquiries and there…

Insurance needed for loan, can't insure?
So it’s house insurance not mortgage insurance?
Refer it back to your solicitor. I would suggest the house is not as represented & that’s your out, but generally you’ll have to…

Insurance needed for loan, can't insure?
If the contract is subject to finance and you can’t get unconditional approval from the mortgage insurer - is that what you mean? Then get a letter from the finance…

Planning on new build - subject to selling the current home
Fingers crossed for you. Let them know the full picture. MacDonald Jones, for example, have a price to extend the contract for x months. And Rawson charge their costs if…

Planning on new build - subject to selling the current home
Hello, it depends on the terms of your builders contract. Most have a validity timeframe - often there are delays in land registration so they have allowance for this and…

95% LVR land loan, or alternatives
No, you can have the 20% on the land, and then borrow the a higher percentage when you build if the valuation comes in low, but the whole lot is…

95% LVR land loan, or alternatives
Construction loans use all of your money first - so you have to have the money when you're ready to settle on your construction loan. You could settle on the…

Deposit with 2 jobs inc ABN
Ahhh complicated and fun answer
The answer is - we can only work with what is, not what will be. So right now you have…

Worried about Land Valuation
Tricky in a new estate - otherwise onthehouse.com.au or the "sold" section of realestate.com.au to compare sold properties with like attributes in the area, sorted by most recent and referencing…

Worried about Land Valuation
Tricky in a new estate - otherwise onthehouse.com.au or the "sold" section of realestate.com.au to compare sold properties with like attributes in the area, sorted by most recent and referencing…

Worried about Land Valuation
Hi Sarah,
Fingers crossed for a decent valuation for you.
Basically the valuation will be based upon comparable sales of 'like' properties in the area - so vacant land compared…

Paying for a house build outright?
You will anyway - you won't want to pay upfront, and they won't want to wait until the end

Paying for a house build outright?
Hi, well done!!!
Generally, yes - they’ll want to see you have the whole lot available because if you don’t save the money they can be in a situation where they’ve…

Valuation shortfall Construction Loan
Be careful of multiple applications at once, fingers crossed on new valuation.

Valuation shortfall Construction Loan
Yep - wasn't thinking to challenge the valuation so much as to work out if you think it's accurate. I know the area, and I know what you mean…

Valuation shortfall Construction Loan
Hi Alissa, I can understand your disappointment and concern. Have you had a look at the valuation? Have you compared it to other sales of 'like' houses in the area?…

Suggestions for finance options for land/construction
Hello... depending on the situation you may be able to take a land loan and then a construction loan - be mindful you'll have to qualify for the land loan…