Subject to their being a confirmed sale, yes.

You should be fine with it - they’ll issue an approval subject to the contract being signed.
Most builders will give you a copy of the contract signed with a cooling…

bigteether you can get a valuation on a tender, specifications and plans with room measurements, no contract required. No current experience with valuations…

Hi Bigteether,
This is challenging at the moment as appetite for contractors is not as good as it was pre-COVID, however all is not necessarily lost. The biggest hurdle as…

It depends on the overall percentage you borrow - sometimes you can borrow the additional money you need for the demolition as well. The redraw in your investment loan is…

plc Complying development certificate - NSW speak for fast track approval.
hxyconan you should still notify the…

Try this calculator and give the state revenue office ring, they have the final word (that’s what I do to double check if unsure)
https://apps.osr.wa.gov.au/portal/0/hom ... 1928092652

Ziri - are you buying as two contracts (land on one contract + build on the other) or one contract for both?
I’m not familiar with WA stamp duty, but it…

Why no offset? Is that by chosen package?
And construction loan interest rate is higher? I didn’t think it was with CBA but not sure on that, they’re not my preferred…

Oh no, poor things. It’s not the IT, it’s travel. Most lenders (nearly all, off top of my head) are not accepting applications from that industry. But let me ask…

My cheif concern would be jeopardising the build loan by taking out more finance - so definitely be upfront with the bank / broker.
Cost effective....I see both sides. I…

If it’s affordable - not impossible.

That one is out of my scope sorry - the legislation changed on it recently & I don’t want to mislead you. It used to be you could claim beforehand…

You need to check that with your accountant, but, typically loan costs are depreciated over a term and not immediate deductions, sorry! Especially so where its not yet deriving an…

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…