Hey everyone,
Have just received pre approval and plans for building are in the process of being drawn up. We have chosen to do the flooring ourselves as we should be able to save up enough money between now and completion of building. However, I've been told I need to get quotes for flooring (which is fine) so as bank will be able to do a valuation and work out LVR & LMI etc. Does this mean the value of the flooring needs to be included in our mortgage amount or does the bank allow us to just provide the quotes and sort the flooring out after handover using our own funds?
Help would be great.
Cheers