Re: Land and construction Loans - Help Urgent3
Jan 10, 2017 6:43 pm
Are you buying the land from a developer? Generally the developer can refer you to a broker that can move fast to get their land settled.
Yes buying from a developer and we are using their recommended broker
Re: Land and construction Loans - Help Urgent4
Jan 10, 2017 6:45 pm
Agreed, speak to the developer. If they can't put you onto a lender they might be open to extending your finance date. Our loan application got held up and the developer was more than happy to push the finance date back while we waited for approval. Although we did have conditional approval in place which the bank was able to give based on the land price and an estimated build cost. We couldn't get unconditional approval from the bank until the build contracts had been written up and signed.
Our build thread with Smart Homes for Living in Wellard https://forum.homeone.com.au/viewtopic.php?f=31&t=86092
Re: Land and construction Loans - Help Urgent5
Jan 10, 2017 10:11 pm
I'm sorry to hear that the broker the developer referred to you is inefficient. Try contacting Paul Hicks of Mortgage Choice or CJ Silva of Path Financial. I find them helpful and they are quick in getting things done.
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