Finance not approved - preliminary deposit
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If finance isn't approved are builders required to give you all of the documentation they have done when they keep the preliminary deposit?
You should have copies send out to you as they progress. But ultimately depends on the contract what was stated
I agree with @lovisa . It will also depends on the time gap between the disapproval and initial deposit. If it takes a couple of months then you already been receiving updates or progress from the builders.
Related
1/05/2023
1
In NSW the maximum deposit for building work is 5% until the builder provides HBCF insurance
8/11/2023
1
If your patio is going to be 35 sqm then that's going to need Council Approval. The fact that they previously approved your 25sqm patio will be irelevant
6/12/2023
3
you were just referred to get advice from your solicitor. This is a legal matter. Separately, why would you use a buyers agent for a house and land package?