Browse Forums General Discussion Re: Payment process of Unregistered Land 5Apr 07, 2017 6:07 am They will, and i believe its standard in a contract. Pre approval is different to unconditional finance. I have read where bank will not give unconditional loan even if they have already given you preapproval. When i bought our land its still for registration. Signed contract nov, got loan approval April, and settlement in sept. Depending on the state of the property, Bank will not also give unconditional finance until they can do valuation. So between nov and april, it was a constant communication between my solicitor and theirs. We keep on extending the date of when it will become unconditional. Just ask a solicitor and maybe they can explain better the risks if you make the contract of sale unconditional at this stage. Building Simonds Prague I apologise for any confusion, but your understanding is correct. We approached our situation differently based on advice from… 11 53222 Thanks very much! And would the landscaper/contractor generally involve the engineer or is that something the client would do? Thanks for your help 2 10030 regardless, your contract stipulates a payments schedule and SOPA doesn't give provision to that scenario. Your contractual terms appear to stand. Hence get a lawyer, it… 4 11869 |