Browse Forums Building A New House Re: Anyone bought land with Mirvac near a transmission tower 4Dec 18, 2020 1:08 pm We are supposed to settle on our block 5403 Banks have given Us approval but since said they won’t do it due to the powerlines. We don’t have time to go through the processes again before settlement. Mirvac have advised us that they will be Charging us for full 10% deposit if we pull out. Don’t have any options. We’re about to lose $80k 😥😥😥 Re: Anyone bought land with Mirvac near a transmission tower 5Dec 18, 2020 1:12 pm Oh gosh, you’ve been going through it too. we are 5409 and the last few weeks have been a nightmare. Approved, declined, Mirvac wouldn’t give us to next year. I was losing it, the fact that we would have to pay interest daily whilst everyone on holidays. Mirvac weren’t any help. After all this crap over the last few weeks, The bank felt sorry for us and re-did the loan, because we were losing it. Had pre approval since august. What are you going to do? Losing that much money should not happen. Mirvac have had issues with the 2 year clause and they really need to work with everyone because the situation is just not fair, otherwise don’t bloody release that close to the power lines Re: Anyone bought land with Mirvac near a transmission tower 6Dec 18, 2020 1:13 pm Try Australia bank. Apparently they lend and have no issues with the power lines Re: Anyone bought land with Mirvac near a transmission tower 7Dec 18, 2020 3:41 pm My brother is a financial advisor, he asked over 30 banks and the only one that would do it was Australia bank. Try them. Go to Mirvac and ask for a delayed settlement. Tell them they are not reasonable as banks won’t lend for that close to the power lines. You’ll pay interest whilst you apply for Australia bank but at least you won’t lose $80,000. Good luck Re: Anyone bought land with Mirvac near a transmission tower 8Dec 18, 2020 4:49 pm stephanievella21 My brother is a financial advisor, he asked over 30 banks and the only one that would do it was Australia bank. Try them. Go to Mirvac and ask for a delayed settlement. Tell them they are not reasonable as banks won’t lend for that close to the power lines. You’ll pay interest whilst you apply for Australia bank but at least you won’t lose $80,000. Good luck Thanks so much hun! We will try with them tonight. Hopefully we can get an answer ASAP. We are almost going crazy. Most banks want 70% lvr which is crazy! I’m just so over it all. We are trying to rack our brains to come up with other options but it’s just honestly so exhausting. Fingers crossed we will get across with bank Australia. How long was the turn around time for banks to get approval hun? Re: Anyone bought land with Mirvac near a transmission tower 9Dec 18, 2020 5:00 pm We didn’t go with them, we managed to sort it out with Bankwest thanks to my brother threatening them. But when we were declined he said he emailed 30 banks and only Australia bank replied they would do it!! Yes, try them. I’m not sure about the lvr, but I know based on the power lines it’s not an issue for that bank. Can’t believe it is such an issue and Mirvac aren’t really helping with the issue. He also found comparable sales data that the bank didn’t find which helped the cause. We actually ended up settling today but as you, it has been an absolute nightmare for the last three weeks. It’s so bloody horrible and it shouldn’t be like this. There’s plenty of homes near power lines!! Good luck, happy for you to private message me if you need any further info Re: Anyone bought land with Mirvac near a transmission tower 10Dec 18, 2020 5:02 pm P.s ours got declined by Bankwest last Thursday and we had to reapply on Wednesday when they had a change I heart and then we got notified yesterday afternoon they were ready for settlement. See if they can escalate the application. But also keep in mind, it’s better to lose $6000 in interest to damn Mirvac than lose $80,000 to them. It’s sooo ridiculous!! I nearly through in the towel too Re: Anyone bought land with Mirvac near a transmission tower 11Dec 18, 2020 5:19 pm stephanievella21 We didn’t go with them, we managed to sort it out with Bankwest thanks to my brother threatening them. But when we were declined he said he emailed 30 banks and only Australia bank replied they would do it!! Yes, try them. I’m not sure about the lvr, but I know based on the power lines it’s not an issue for that bank. Can’t believe it is such an issue and Mirvac aren’t really helping with the issue. He also found comparable sales data that the bank didn’t find which helped the cause. We actually ended up settling today but as you, it has been an absolute nightmare for the last three weeks. It’s so bloody horrible and it shouldn’t be like this. There’s plenty of homes near power lines!! Good luck, happy for you to private message me if you need any further info Thanks hun Do you think your brother would be able to help us get our application over the line using the same info. We tried bankwest and they said they weren’t able to do it. Do you know who your brother dealt with? Re: Anyone bought land with Mirvac near a transmission tower 12Dec 18, 2020 6:20 pm where is this land? Suburb and state Re: Anyone bought land with Mirvac near a transmission tower 13Dec 18, 2020 7:12 pm Fore20 where is this land? Suburb and state Gledswood hills The Crest estate NSW Our standard double-glazed window is tested to achieve, Rw 34, and can be glazed to suit Rw 39. The price is good too... 3 9478 2 5503 0 2023 |