Home
Pros
Forum
  • About
  • Register
  • Contact
InboxSent
MembersPros
WatchingStarredHistory
pvfc1876
9 Posts
pvfc1876
9 Posts
Junior Member

Follow
9PostsMost Active Topics

pvfc1876

Joined 6 July 2009
Junior Member
8 years8 yearspvfc1876pvfc1876 posted:
Construction Loans & Stage Payments

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…

8 years8 yearspvfc1876pvfc1876 posted:
95% LVR - Are they still available?

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…

8 years8 yearspvfc1876pvfc1876 posted:
HIA Subject to Finance Clause - Builder Will Not Change

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…

8 years8 yearspvfc1876pvfc1876 posted:
HIA Subject to Finance Clause - Builder Will Not Change

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…

8 years8 yearspvfc1876pvfc1876 posted:
HIA Subject to Finance Clause - Builder Will Not Change

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…

8 years8 yearspvfc1876pvfc1876 posted:
HIA Subject to Finance Clause - Builder Will Not Change

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…

8 years8 yearspvfc1876pvfc1876 posted:
HIA Subject to Finance Clause - Builder Will Not Change

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.

8 years8 yearspvfc1876pvfc1876 posted:
HIA Subject to Finance Clause - Builder Will Not Change

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,…

8 years8 yearspvfc1876pvfc1876 posted:
HIA Subject to Finance Clause - Builder Will Not Change

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…

Most Active Topics

Joined homeone
6 July 2009

Australia's largest home building and
renovation community
Homeone
About

Terms
Privacy

Follow homeone on FacebookFollow homeone on TwitterFollow homeone on Google+
All comments made express the views and opinions of the author and not the Administrators, Support nor Homeone Australia & New Zealand
© Homeone Australia & New Zealand All Rights Reserved ‎2001 - 2017