Browse Forums Buying Land 1 Feb 26, 2017 9:35 am We paid a deposit for a corner block in The Ivy Doreen and it is scheduled for settlement in 3 weeks. We cannot go for a home and land package as no builder have design suitable for this block and we need to do custom built. The problem is that we did not realise that the contract says the land cannot be sell without a house in it or we need to pass on the development guidelines to the new buyer and the developer has to approve it. The bank valuer picked on this issue just last week as they did not have access until mid jan. And my broker said that most likely the bank will reject the land loan application because of this. And we don't have the construction contract ready yet for at least 3-4 weeks. Has anyone had a similas clauses in their land contract with a developer and managed to get land loan only? Thanks. Re: Land loans difficulty - The Ivy Doreen 2Mar 11, 2017 10:11 pm I am not sure what you mean by having a house in it clause. The contract guidlines refer to having a house build start date to be within a year of purchase of land. I think if the bank just needs a quotation for the build you could speak to Burbank, henley etc to site your land with a quote. Maybe choose a smaller single story that would fit the plot for the purpose of the loan. Not too sure on this though. All the best with your query hope it gets resolved. Do talk to Alam Singh from Burbank, they are quiet flexible and very helpful. He may just have something to help with the same. Re: Land loans difficulty - The Ivy Doreen 3Apr 06, 2017 5:20 pm Talk to Burbank, they are fantastic. They were the only ones that could help us with a custom build for a corner block. Build thread viewtopic.php?f=31&t=81011 Yeah I don't know why I came to a forum. Place is full of wierdos/pedos thought internet may help but I suppose I'll try my luck with someone in person. Cheers. I tried… 0 6445 Need advice on the backyard plan above. Should I excavate and cut all of the dirt to level with the house slab or semi-excavate as per photo above? Both left and right… 0 24872 13 6632 |