Browse Forums Home Finance Re: Final Invoice - what is the bank's process? 2Mar 26, 2010 8:08 am VICTORY 1800, EN-SUITE, DOUBLE GARAGE, FAMILY ROOM AND ALFRESCO Land Settled: 20 July 2010 Site Scrap: 30 August 2010 Slab Pour: 20 September 2010 Frame Complete: 23 September 2010 Fascia and Gutters: 28 September 2010 Roof Complete: 06 October 2010 Lock-up complete: 28 October 2010 Plaster complete: 29 October 2010 Fix-out complete: 22 Nov 2010 PCI 7 FEBRUARY 2011 Re: Final Invoice - what is the bank's process? 4Mar 26, 2010 11:08 am VICTORY 1800, EN-SUITE, DOUBLE GARAGE, FAMILY ROOM AND ALFRESCO Land Settled: 20 July 2010 Site Scrap: 30 August 2010 Slab Pour: 20 September 2010 Frame Complete: 23 September 2010 Fascia and Gutters: 28 September 2010 Roof Complete: 06 October 2010 Lock-up complete: 28 October 2010 Plaster complete: 29 October 2010 Fix-out complete: 22 Nov 2010 PCI 7 FEBRUARY 2011 Re: Final Invoice - what is the bank's process? 8Mar 26, 2010 7:26 pm VICTORY 1800, EN-SUITE, DOUBLE GARAGE, FAMILY ROOM AND ALFRESCO Land Settled: 20 July 2010 Site Scrap: 30 August 2010 Slab Pour: 20 September 2010 Frame Complete: 23 September 2010 Fascia and Gutters: 28 September 2010 Roof Complete: 06 October 2010 Lock-up complete: 28 October 2010 Plaster complete: 29 October 2010 Fix-out complete: 22 Nov 2010 PCI 7 FEBRUARY 2011 Re: Final Invoice - what is the bank's process? 9Mar 31, 2010 6:56 pm There was no final valuation for us ....once cert of occupancy and evidence of insurance were provided, along with a signed authority to pay, the cheque was handed over. Actually, they weren't too fussed about the initial valuation either; they just accepted the land purchase price plus the house contract price as the valuation and that was that. Maybe because we weren't borrowing more than 80%? Or maybe just because they liked us? Banks are being very, very cautious at the moment - to the point of being completely ridiculous - so I'd imagine valuations are being strictly adhered to. Just wait for the world economy to settle and watch them all start throwing deals at us, trying to win our business. Hi, I am approaching end of the build. My final invoice will be given to me soon to pay. Some context before I ask my question. 1. My builder wont do the landscaping or… 0 3865 How much are you ahead in payments compared to where the build is at? Have you fully drawn down the loan? 5 11927 I apologise for any confusion, but your understanding is correct. We approached our situation differently based on advice from… 11 53222 |