After a heartbreaking 6 months of dealings with wisdom, over 5k deposit lost, lots of time off for work at selection appointments, rent and interest on land all lost due to a 6 week fight with the bank and wisdom ending with wisdom refusing to amend their progress payments to the ones now required by the banks and as you have gotten.
We were corned into a situation where we either lost over 20k in LMI by changing banks as our land loan was with westpac or lost 6 months and 5k if we changed builders. We chose to change builders, after Wisdom left a very sour taste in our mouth.
We originally ran two tenders at the same time - fowler homes Paris 34 and wisdom majestic 35. Unfortunately we chose wisdom as we loved the plans a little more and the tender presenter Katie was amazing!
This was our mistake.
As soon as we were told for about the 5th time that they were not going to change their schedule and taking it as far as we could, we went back to fowler asking if they would still honour their tender presented to us and also change their progress payments to those required by the bank, I had and answer back by email confirming that yes they would and we haven't looked back since.
After experiencing the full colour, electrical kitchen and tile appointments (yes we had gone through this full process with wisdom so you can imagine how emotionally invested we were)
then going through the same with fowler, I can honestly say that I am GLAD that we are not going with Wisdom. The customer service, the inclusions, the willingness to do whatever it takes to get the house and products you want in your house from fowler has been amazing. Electrical inclusions are fantastic, kitchen upgrades don't cost a bomb and changing models of things like kitchen sinks and bathtubs...not a drama!!
Anyone reading these threads considering wisdom homes, please speak to fowler first, they have great home designs, great inclusions and most importantly I cannot fault their staff and service! If your still stuck on one particular design with wisdom or any other builder, ask the question "will you change your progress payments" and if so, speak to your bank and get them both to agree to the %'s in writing first!
Good luck with you build!
Oh my god. What a nightmare. We seriously considered changing builders at the 6 month mark. It took 11 weeks for Wisdom to present the tender, then 11.5 weeks to receive the building contract, due to extensive admin delays.
Hoping our bank is okay with the payment percentages, although luckily we don't require LMI.
Glad to hear your experience with Fowler has been excellent!