Elara16
Sorry to hear about that.
Just want to let you know that if its clearly a delay from bank, they are responsible of paying penalty fee.
Most of bank would accept this. Have a chat with ur broker.
Just want to let you know that if its clearly a delay from bank, they are responsible of paying penalty fee.
Most of bank would accept this. Have a chat with ur broker.
Usually the bank isn't at fault here if you look at the date of lodgement for the loan. The brokers either have way too many files or they haven't prioritised or escalated the file.
Banks allow a pre approval of three months and I can tell you from experience it doesn't take four weeks from the time we are notified of lodgement for registration to the LPI to settlement to get a loan done and dusted.
The big fours usually only require a week and a half to get a loan ready. I recently dealt with a client from CBA that had the loan ready within the week.
It is always the broker taking their time more than anything else. Don't get me wrong there are some really really good brokers of whom I can recommend but there are some that don't care.
Kind Regards,
Bruce
"Building an Eden Brae Waldorf 50 in North Kellyville"
Blog: http://waldorf50.blogspot.com.au
A Mobile Solicitor at Wong & Horta Lawyers
Website: http://www.whlawyers.com.au