Browse Forums Building A New House Re: Progressive drawdowns not in line with industry standard 3Mar 29, 2016 12:10 pm M Y C U S T O M C O R A L B R O N T E 43 ...............Kitchen! 16 Nov 2016 https://forum.homeone.com.au/viewtopic.php?f=31&t=79581 Re: Progressive drawdowns not in line with industry standard 4Mar 29, 2016 1:10 pm The Harder You Try - the Luckier You Get ! Web site http://www.anewhouse.com.au Informative, Amusing, and Opinionated Blog - Over 600 posts on all aspects of building a new house. Re: Progressive drawdowns not in line with industry standard 6Mar 29, 2016 1:43 pm ![]() Here is a post from my blog on the subject: http://anewhouse.com.au/2012/01/how-muc ... yments-be/ Given that I am in Victoria that blog post is perfect ![]() I've spoken to the builder and they need a request in writing from the lender to alter the drawdown amounts, so hopefully it isn't too much of an issue to be sorted out! Re: Progressive drawdowns not in line with industry standard 7Mar 29, 2016 1:54 pm ![]() Ours was: 5% Deposit 10% Base 15% Frame 35% External Lining 20% Fixing 15% PC Bash: Your guide to whats fair adds up to 110% Thanks for that. . . . now corrected. . . the error must have crept in when I rebuilt the site a few months back. The Harder You Try - the Luckier You Get ! Web site http://www.anewhouse.com.au Informative, Amusing, and Opinionated Blog - Over 600 posts on all aspects of building a new house. Re: Progressive drawdowns not in line with industry standard 8Mar 29, 2016 6:29 pm Bank only lends to 65% at lock up Re: Progressive drawdowns not in line with industry standard 9Mar 29, 2016 9:28 pm I'm in WA, I has borrowed the loan from NAB. I had the same issue at the last minute when waitting for the formal approval. My builder has asked for 75% of funds release at the lockup stage. My loan didn't get approved straight away. As I applied for the loan through NAB branch, the branch manager couldn't do anything about it, but waitting. I had to go back to the builder, tried to take off some upgrades to reduce the price. They convinced me to consult their broker to help resolving the problem. The broker has her network and called the NAB HQ, we were told that the branch had made the mistake as NAB has already changed the policy which they have increased to 75% of the funds release amount at the lockup stage. And a day later, my issue has been waved. I still have no idea what happened on earth. viewtopic.php?f=31&t=82537 Thanks, great points. I am hoping that having my garage wall being the only retaining wall will compensate for that risk. From what I understand, this was mandated by the… 7 10473 I am building in claymore NSW and this is shown in the building envelope plan. … 0 11349 Hi, only for walking. It is a narrow 1.5m paved area next to house. 2 6367 |