Browse Forums Building A New House Re: Wisdom Homes Signature package?? 10Nov 01, 2017 3:46 pm Sky2202 Never build with Wisdom Homes. They forfeited all my deposit amount after bank refused to agree on their payment plan. Initially they told me it's a matter between bank and wisdom homes and they kept trying with bank for almost 4 months and then given up. Bank said that there is no issue with my loan approvals and they were ready to accept the same payment plan from other builders but not from the Wisdom homes. Wisdom homes also refused to change their payment plan and just to receive 5% extra money in stage 2 instead of stage 3, they wasted my 6 months and lots of money. Had a very bad experience with wisdom home and will never recommend this builder to anyone. I have heard similar feedback from some people. There are definitely some banks that will not lend on wisdoms payment structure and it is a little heavier at the front of the build than most builders. Having said that, plenty of banks are happy to abide by wisdoms payment schedule. If you don't have the ability to shop around for a lender that will work with wisdoms payment schedule then I would definitely recommend people thinking to build with them check with their bank before putting down a deposit. majestic35.weebly.com 3 22652 Can someone please offer some advice? Im DESPERATE. Because I'm completely and utterly exhausted. How long are variations taking with other companies at the moment? We… 0 18473 In fairness nobody gave a crap about the ACCC and the gag clauses continued in the pro forma templates of a few other builders after the ACCC took on Wisdom, and more… 19 73506 |