Hi there,
Yes, provided the passes the criteria she is eligible.
But, why is it unfortunate that she does not require a loan?

There are benefits to using a broker and benefits to dealing directly with the bank. Obviously the benefits of using a broker is that they are able to compare loans…

Hi there,
Our credit team are currently running within expected timeframes. It would depend on the workload of your home finance manager but generally 14 days will be plenty at…

Hi Rex,
If you approached the bank for a construction loan then yes, this is a normal request. Most lenders will require the building contract & council approved plans prior to…

Bridging can be risky business. If the old home doesn't sell within anticipated time frames thing will get ugly. Waiting until you sell is the safest option.

Bridging loans are a piece of cake however, with no income how will you be able to demonstrate serviceability to a bank?

The bank will require council approved plans & a fixed price building contract prior to issuing unconditional approval on the finance of the construction.
Cheers,

Hi,
The amount of gen savings required varies. With some banks it is 3% and others require 5%. Some lenders, need to see evidence of 3 months gen. savings even…

Hi mate,
Once you pay the duty on the land it won't increase to reflect the value of overall land+build.
You should call the State Revenue Office if you have any further…

Approval times would vary depending on the applicants/scenario. Some applicants are currently being approved within 24-48 hours if they fit the lending criteria.
Basically, anything that needs to be referred to…