Browse Forums Home Finance Re: When does the deposit become due ? 2Jun 17, 2013 4:51 pm Depending on what your deposit is and LVR, you might have to fork out at both stages. When you buy land, you will need a deposit when buying that and then a loan for the remainder. Then when you build, the builder will ask for some money upfront to do some initial work. Any remaining deposit will then be put towards the build at the first stage of construction of the additional loan (lenders will want your contribution first before they lend out). Cheers, Tom In NSW the maximum deposit for building work is 5% until the builder provides HBCF insurance 1 4821 I've just built 3 stairs off a landing out the back and been told by the private certifier I need hand rails sorry tried to attach a pic but couldn't mine don't have sides… 5 5710 i had the my concreters concrete right up to the fence. I have pits all along my path, so the water tends to drain away from the house and into the pits. There's only one… 7 12772 |