WarpSpeed79
Thank you for sharing, that's not a bad idea. Fingers crossed DA approval doesn't take too long through our builder.
I was told 6-8 weeks by Eden Brea.
Browse Forums Building A New House Re: Anyone else building at Piccadilly Estate, Riverstone? 642May 03, 2017 5:37 pm First Home Buyer | Livingstone 22 Tender accepted 9/10/15 | Contract signed 30/10/15 | Colours selected 29/03/16 Re: Anyone else building at Piccadilly Estate, Riverstone? 648May 05, 2017 9:11 am Thanks again Titania64! I just had a question in regards to everyones loans. We have been approved for the land but our mortgage broker said he cant process the build until we have council approved plans. Is this the case for everyone? If so, when should we be getting council approved plans? Re: Anyone else building at Piccadilly Estate, Riverstone? 649May 05, 2017 12:15 pm abdm14 Thanks again Titania64! I just had a question in regards to everyones loans. We have been approved for the land but our mortgage broker said he cant process the build until we have council approved plans. Is this the case for everyone? If so, when should we be getting council approved plans? We got an unconditional approval for both the land and build, our broker then sent a copy of our formal approval to Eden Brae for them to know that we have got our finance sorted. They should be able to give you a valuation for both the land and build. If there's any issues, I have a wonderful broker who helped us out. First Home Buyer | Livingstone 22 Tender accepted 9/10/15 | Contract signed 30/10/15 | Colours selected 29/03/16 Re: Anyone else building at Piccadilly Estate, Riverstone? 650May 05, 2017 1:21 pm Excuse my ignorance, does this mean the land is now registered? Or are there still a few more hoops that need to be jumped through? Re: Anyone else building at Piccadilly Estate, Riverstone? 651May 05, 2017 2:11 pm abdm14 Thanks again Titania64! I just had a question in regards to everyones loans. We have been approved for the land but our mortgage broker said he cant process the build until we have council approved plans. Is this the case for everyone? If so, when should we be getting council approved plans? This is a news to me. My mortgage broker didn't mention anything like this and I am going for Land+Construction loan without council approval. Hope that helps. Re: Anyone else building at Piccadilly Estate, Riverstone? 652May 05, 2017 2:13 pm Just got a call from Solicitor that he has been informed about lodgment and It will be done in two weeks, so that I need to be ready with the completed loan process. Excited to see this movement. Time to celebrate. Cheers. Re: Anyone else building at Piccadilly Estate, Riverstone? 653May 05, 2017 2:48 pm My Street Number is 24, Titania 65 yours is 22
Re: Anyone else building at Piccadilly Estate, Riverstone? 656May 05, 2017 7:14 pm abdm14 Thanks again Titania64! I just had a question in regards to everyones loans. We have been approved for the land but our mortgage broker said he cant process the build until we have council approved plans. Is this the case for everyone? If so, when should we be getting council approved plans? that cant be true.... For land loan, Banks needs signed contract copy which confirms that you have paid 10% deposit and also bank statements reflecting the payment. Also 5% Genuine savings clause comes in which agents knows how to handle it... For Construction loan, all they need is a signed construction tender with deposit paid in.... either 10% or what ever the builder needs ; usually 5%. you will have to show proof for remaining 5% in banks or source of funds.... Bank will approve unconditional loans but your construction loan progressive payment doesn't start unless the buildings starts, which again cannot start without council DA approval for construction. thats the reason banks provide unconditional loan approval... for land loan, they mortage your land and for construction it doesnt start unless the building starts...HTH Suggest change the agent if possible... again you are took close to land settlement so calculate the timing and risk involved. Re: Anyone else building at Piccadilly Estate, Riverstone? 659May 05, 2017 8:39 pm FirsTimer How about we make a neighbour forum from this forum membership to continue this great interaction!!!! Sounds like a plan....probably a restricted membership community group for interaction. A survey must’ve completed by a certified surveyor. This form part of every DA requirement 3 223624 Wish you all the best. Once you signed the contract, they will find millions excuses to charge you. And have seen their sites unfinished for a long time. 4 24833 |