I am currently waiting for loan approval from the CBA. I'm told my application is currently at valuation stage. Does anybody know if the CBA require bulding permits before they will issue full loan approval or if the valuation comes in at the contract amount, is this the point where the bank gives full approval?
The whole process seems so convoluted with all parties playing the blame game with the other and never actually seeming to get anything done.
Any feedback would be greatly appreciated.