We are going with CBA, Have not heard from them yet.
Browse Forums Buying Land Re: Land Registration? Kellyville - Balmoral Road Release 344Nov 14, 2018 3:10 pm BVN ok thanks. So are they providing 80% of valuation or contract sale price ? I have a dispute hence the question.... They have approved us for purchase price initially as the application was based on purchase less 10% deposit, now that the valuation has come back at that figure I have asked for 80% on the valuation price. They have come back and said this needs approval from their credit team and is approved on a case by case basis, I should hear back by Friday. What dispute do you have? Re: Land Registration? Kellyville - Balmoral Road Release 345Nov 14, 2018 3:14 pm Yes thats exactly the issue. They had approved based on contract sale of 80% but I had asked for the valuation price. Since the land is not registered yet they could only go with the contract sale price but not the valuation....They would consider that during construction as the land will be registered then and can borrow more if required. Re: Land Registration? Kellyville - Balmoral Road Release 346Nov 14, 2018 3:25 pm BVN Yes thats exactly the issue. They had approved based on contract sale of 80% but I had asked for the valuation price. Since the land is not registered yet they could only go with the contract sale price but not the valuation....They would consider that during construction as the land will be registered then and can borrow more if required. I'll update you once they come back to me, I suspect ill get the same response if this is the response you got. Re: Land Registration? Kellyville - Balmoral Road Release 350Nov 15, 2018 10:29 am BCMPS What is the rate you guys getting? Heard from news some banks are discounting up to 130 basis point for new borrowing. Westpac is offering 1.5% discount, but not much loan for the land, so I will have to us ea lot of my offset money. Re: Land Registration? Kellyville - Balmoral Road Release 351Nov 15, 2018 10:29 am bps18 What levels of penalty will be, for example, if I am not available here in December? Is that at the rate of 8% per annum? I think you need to ask your solicitor by referring to your contract. Re: Land Registration? Kellyville - Balmoral Road Release 352Nov 15, 2018 10:39 am BCMPS bps18 What levels of penalty will be, for example, if I am not available here in December? Is that at the rate of 8% per annum? I think you need to ask your solicitor by referring to your contract. Thanks. I have been trying to contact my solicitor but she is not picking up my call at the moment; must be a bit busy. Re: Land Registration? Kellyville - Balmoral Road Release 353Nov 15, 2018 10:59 am BCMPS What is the rate you guys getting? Heard from news some banks are discounting up to 130 basis point for new borrowing. I have been offered 3.74% by CBA on a fixed P/I loan Re: Land Registration? Kellyville - Balmoral Road Release 354Nov 15, 2018 5:31 pm The vendor's new solictor is saying "registration is likely to occur on about 23 November 2018 and as such, settlement will be required to take place within 21 days of that date (or the actual date of registration)." Re: Land Registration? Kellyville - Balmoral Road Release 355Nov 15, 2018 6:53 pm Whoknowz BCMPS What is the rate you guys getting? Heard from news some banks are discounting up to 130 basis point for new borrowing. I have been offered 3.74% by CBA on a fixed P/I loan Thanks. Is it for land loan only or bundle with construction loan because you already have construction contract from builder? Re: Land Registration? Kellyville - Balmoral Road Release 356Nov 15, 2018 6:54 pm bps18 The vendor's new solictor is saying "registration is likely to occur on about 23 November 2018 and as such, settlement will be required to take place within 21 days of that date (or the actual date of registration)." Hope we all have enough time to get everything ready. Thanks for the info. Re: Land Registration? Kellyville - Balmoral Road Release 357Nov 15, 2018 6:54 pm BCMPS Whoknowz BCMPS What is the rate you guys getting? Heard from news some banks are discounting up to 130 basis point for new borrowing. I have been offered 3.74% by CBA on a fixed P/I loan Thanks. Is it for land loan only or bundle with construction loan because you already have construction contract from builder? Land loan only, We wont start looking at builders till early 2019 as we are still working on plans. Re: Land Registration? Kellyville - Balmoral Road Release 358Nov 15, 2018 7:34 pm Whoknowz Land loan only, We wont start looking at builders till early 2019 as we are still working on plans. Whoknowz Is it too early to ask whether you planning on building on architecturally designed home (double/triple story) or custom/project home design? :p ! I bought land on Hovell way so keen to see what everyone is planning on building ! Re: Land Registration? Kellyville - Balmoral Road Release 359Nov 15, 2018 8:18 pm Manny007 Whoknowz Land loan only, We wont start looking at builders till early 2019 as we are still working on plans. Whoknowz Is it too early to ask whether you planning on building on architecturally designed home (double/triple story) or custom/project home design? :p ! I bought land on Hovell way so keen to see what everyone is planning on building ! manny007 Hey mate, ask away not an issue. Looking at building an architecturally designed home. Modern and contemporary is the style we are going with and have been working with an architect for over a year now, slow (our fault, work commitments and life, etc) but taking our time. We have completed floor plans on all floors and have now started on elevations and facade, expect to finish designs and submit sometime in the first half of 2019 if the land ever registers :p I also need to start looking at builders and get an idea of costs, at this stage its all just made up numbers in my head. It would be great to hear what everyone is up-to, progress or what plans they have for their block. Re: Land Registration? Kellyville - Balmoral Road Release 360Nov 15, 2018 9:02 pm Whoknowz Manny007 Whoknowz Land loan only, We wont start looking at builders till early 2019 as we are still working on plans. Whoknowz Is it too early to ask whether you planning on building on architecturally designed home (double/triple story) or custom/project home design? :p ! I bought land on Hovell way so keen to see what everyone is planning on building ! manny007 Hey mate, ask away not an issue. Looking at building an architecturally designed home. Modern and contemporary is the style we are going with and have been working with an architect for over a year now, slow (our fault, work commitments and life, etc) but taking our time. We have completed floor plans on all floors and have now started on elevations and facade, expect to finish designs and submit sometime in the first half of 2019 if the land ever registers :p I also need to start looking at builders and get an idea of costs, at this stage its all just made up numbers in my head. It would be great to hear what everyone is up-to, progress or what plans they have for their block. Nice !!!! 👌🏾👌🏾 Planning on building an architecturally designed house aswell (modern/contemporary facade). Only starting to Brainstorm ideas of what we want inside the house though - no where close to building just yet haha. What is everyone else planning ?? I brought terry road box hill in June 2022 House was meant to be completed Nov 2023 That did not happen I had to chase them so much to the land Registration and… 0 2500 3 22625 Petercurtis You able to contact the certifier and get a copy of your structural plans, if they are not in your contract. If your home was approved via CDC then they… 1 19219 |