Hey all,
I hope this makes sense!
Our bank has sent us an email saying that based on our variations during the pre-construction process and the other quotes we have given them there will be a shortfall of $4500ish.
Basically after landscaping/fencing and pool we are putting in we will have to fork out some of our own money.
We were aware of this and now plan on getting the fencing down through a friend of ours and paying them from our account rather than as part of the mortgage. We also plan to do our own turfing etc.
The email says that we need to 'pay this shortfall in advance.'
I'm a bit concerned they won't pay the progress payments on the house until we pay this but we don't want to use the quotes we gave them. We have tried calling but couldn't get through.
This is actually an email that was sent two weeks after we requested the 5% deposit to be paid to the builder. When we called we were told it had been paid, then we get this email which leads us to believe it hasn't been paid and actually our builder has started on site already!!
Any advice welcome!