Posts by LakeMacRicky • Home Renovation & Building Forum

LakeMacRicky

Joined 22 May 2021

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LakeMacRicky

2 June 2021

Re: Contracts and Penalty ClausesBuilding A New House

Jun 02, 2021 4:55 pm

Some builders have them by default. Something like paying 50 bucks per day or so. With others - you can ask them to put it in, but I'm not sure they will be inclined to agree in the current climate. With all the govt handouts to the industry builders aren't exactly lacking jobs so can afford to be ...

Thanks strannik, we will definitely ask.

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LakeMacRicky

2 June 2021

Re: Knock-down Rebuild FinanceHome Finance

Jun 02, 2021 4:51 pm

Perfect opportunity to review the market and make sure you're competitive... and also different lenders have vastly different appetites. There's one bank who won't do KDR (gosh I wish I could remember who!!) and of course ING don't do construction at all...valuation is also key. Noting I am biased,...

Thanks Rebecca, it's interesting that some banks are keen and others aren't. We will ask around for a local broker, alt...

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