I dont think your broker has applied yet because as soon he submits application your credit check will be done and if you have subscribed for credit agencies like veda you should get an alert
if any activity has happened
if not he must have done a paper based application
OMG really I had no idea
is this with all banks??
No he said he submitted online.
Yes we get the alerts from Veda and nothing has come through.
Bank of Melbourne is St George, if they have the same processing team they're slowish at the moment too - and it will be in the queue to be picked up & checks done. You're right, ANZ will only lend over 90% if you have a current credit facility with them (and good history).
I know it's hard to wait. Most banks are slow right now with the property boom and all the changes rolling through - they're learning how to apply it all.
Thanks Rebecca it is hard especially when it's the second time round
Absolutely it is. Timing isn't helping - every day a new batch of rules the assessors have to learn and apply, I blame APRA
Any update yet or still waiting for a response ?
Credit checks have been done
Got the Veda notification this morning YAY
Can't believe I can get excited about getting a credit check done
that's a good start hopefully you will get some response by EOD
good luck mate
hopefully
THANKS
not sure if they can issue conditional home loans pending val?
But yes fingers crossed we hear something by EOD
So any progress yet or still waiting for confirmation
you applied for both land and construction or just land only
refinancing the land and adding construction