The Eskay Saga Comes to an end...

vanilla tree · Sep 09, 2010 12:31 am

Hang in there Eskay... you know what we all say, it will be worth it...

~ cheers, J

Bam · Sep 09, 2010 9:59 am

Gosh, thats no good at all

I would think that it would matter to only those within a close vicinity of your house (i.e. immediate neighbours) rather than the area as a whole.... I mean, yes the restrictions also applied to them but they had the opportunity to appeal if they wanted to, and how would your house affect them if they are streets away??

Good luck! Stay strong

Eskay40 · Sep 09, 2010 1:18 pm

Thanks J and Bam. Appreciate the support. The council guy seemed genuinely sorry for the mistake and is trying to get the permit ready so that it can be mailed out the day after the 14 days is over. I think they want it al to go well for me now.

SK

17th Sep is the new date to watch!

carlswil · Sep 09, 2010 1:34 pm

I hope everything goes smoothly for you on 17th, and you get your permit

karmaz · Sep 27, 2010 5:43 pm

So glad to read that you have your permit - congratulations and hats off to your perserverance! Doing a happy dance for you

A quick tip, when you submit your plans and colour selection make sure your roof and gutter colour is the same. The downpipe and brick colour has to be the same as well. We got knocked back on those two points and it was just time wasted. Good luck SK, I for one will be thrilled to see some action on your block!

Eskay40 · Sep 27, 2010 11:19 pm

Thanks Karmaz,

Yes, a huge sigh has occurred and now onto the next step. I've submitted everything to Australand now. The roof tile and guttering is the same - black. Now we also went with Black downpipes whereas the brick obviously isn't. I had showed the colour board to Mervin before so I hope that isn't an issue this time around. One never knows though...

Would you believe that my bank manager, who had basically pre-approved everything before we went through the council fiasco has left the bank?? Great. You know what that means - all new applications for pre-approval with a new lending manager. We have an interview on Friday so we'll start the loan application process again...

Still Smiling...

herbiecat · Oct 16, 2010 8:44 pm

Eskay what an amazing place you have planned! I love your external colours and the look of the house. My DH would be very jealous of the sound proof music room being a guitarist!!!! :-)

Very glad you got your permit too!! :z:

Eskay40 · Oct 16, 2010 11:52 pm

Thanks Herbiecat. We're looking forward to it when it finally happens - just battling the bank now...

Hubbie is welcome to come jam with my drummer son, if you're in the area!!

SK

Eskay40 · Oct 26, 2010 11:57 pm

Hi Everyone,

Just a quick update. I've been doing a lot of travel for work recently but we received pre-approval from the bank, and have spent the last couple of hours signing the biggest building contract I've ever seen... We can now submit that to the bank tomorrow for final approval. That may still take a couple of weeks but after that - assuming approval - we will be able to set a start date with the builder.

Cross fingers for a speedy approval process. It's been right on about 15 months since we put a deposit down on the land...

Deemaree · Oct 27, 2010 8:48 am

Here's hoping that everything flies along from here!

Eskay40 · Oct 27, 2010 9:15 am

Thanks Dee :))

dandav · Nov 18, 2010 4:00 pm

Hey Esky,
hope it all goes quickly from now.. got a start date yet?

Eskay40 · Nov 18, 2010 4:24 pm

Hi Dandav,

Unfortunately, I got a call from the bank today telling me my application has been declined. I had pre-approval but they re-checked valuations and didn't like the valuation on the plans for the new house. They said they have "adjusted" their Loan to Value Ratio formula and now we are asking for too much to build the house we want. The builder is ready to go with permits and everything but now I don't have a loan

They've taken 3 weeks to get to this decision. Now I need to start again with finance.

SK

herbiecat · Nov 18, 2010 8:26 pm

Oh Eskay that is terrible. I really feel for you. I hope you get the finance sorted out soon and you find a more sympathetic lender

Tamara1975 · Nov 18, 2010 9:51 pm

That really sucks about the finance. The house plan is amazing. Hopefully you find a way to build it.

Eskay40 · Nov 19, 2010 9:57 am

Thanks Herbie and Tamara. Talking to a broker today

fingers crossed !!

Deemaree · Nov 19, 2010 10:42 am

Thinking of you Eskay!

Eskay40 · Nov 19, 2010 10:53 am

Thanks Dee !!

karmaz · Nov 19, 2010 12:31 pm

Hope the finance gets sorted soon - banks grrrr.......

Eskay40 · Nov 23, 2010 1:34 pm

Just a quick update. The bank has said no, as mentioned. I have gone to a broker who is also finding it hard to make work. Apparently the banks changed the way they check serviceability a couple of months ago. They now assess your ability to pay if the interest rate is 1.5% higher than the current retail rate. We are on a discounted rate as we have a couple of loans with them but that doesn't matter. There is also an equity issue as Croydon valuations are fairly low, ie, no million dollar homes there but we want to put in a reasonably big house.

The broker is going to come back to me in a day or two but it all looks bad. 16 months of design work and council and developer approvals seem to be going down the drain....

SK.