Hi
Just wanted to ask if anyone has used Suncorp for their land/construction loan. We used Suncorp for our block of land and it was very easy. got loan approved and have been happy with them. We are now increasing our loan to build and I am nervous about the next stage as we are borrowing a lot more. We had a 10% deposit with the land and now borrowing at 95%. Are they normally stricter with a 95% lend?
Also just want to know what they are like with progress payments and valuations. If we take items out at pre start and then wait for the end, are we likely to get cash back if we are in credit?
any help would be great thanks.