G'day all
We received pre-approval for our construction loan a month or so ago. The loan represents 90% of the cost of the house build.
Following pre-approval we signed the contract to…

Just wondering whether 95% LVR's are still available?
It seems most, if not all, of the Big 4 now require 10% deposits consisting of genuine savings
We currently have a pre-approval in…

Thanks Jess
On that basis, yes, we have already received conditional approval.
I'm in the process of gathering the paperwork requested by the bank in order for them to hopefully provide "unconditional…

Sorry. We *do* have pre-approval
We're now hoping to go to the next stage (conditional or unconditional approval - not sure what the difference is to be honest) so that…

Thanks for the replies folks
As I see it, there are two issues here:
1. The construction of the house if the finance falls over
2. The builders rights if the finance falls…

Hi
There is only one clause in our QLD (HIA QC1 April 2001) contract which covers finance and it's entire contents are as follows:
Clause 7 - Evidence of Capacity to Pay
7.1…

Ours is a QLD contract
Clause 7 is "Evidence of Capacity to Pay"
7.1 "This contract is not subject to finance"
Seems a bit strange TBH.

I wish it was as simple as that
Our lender wants to see an 'executed' (signed) fixed price contract before providing unconditional approval
I wonder what the *real* standard clause 7.1 says?
Again,…

Hi there
This is my first posting on homeone but I've been lurking for the past 18 months while I contemplated whether or not to commit myself to the long journey…