leeamja
Hi Lukebee,
So did you build in stage 17/18? We're in 19, just waiting to title.
Pippa, in regards to the caveat will that stop our. Builder building because the bank won't release the funds? Unless I misunderstood lol!
Bring on end Feb...then they can tell us if they can build on it or not!
So did you build in stage 17/18? We're in 19, just waiting to title.
Pippa, in regards to the caveat will that stop our. Builder building because the bank won't release the funds? Unless I misunderstood lol!
Bring on end Feb...then they can tell us if they can build on it or not!
Hey Leeamja,
You may find if you start building straight away there will be no issues. Our block settled in September and the caveat wasn't lodged until just before Christmas. If our building contracts etc were done and all we were waiting on was the title then there would have been no caveat and it is unlikely that the bank would have done another title search after settlement. In fact if we had started building soon after settlement the house would have been close to completion by the time the caveat was lodged.
There will be some work around for the issue. The people who I have spoken to have said that the developers solicitor has done letters for some people but from what they have told me is in the letter it is basically just summing up Special Condition 15 in the contract of sale so having a solicitor write a letter (which costs $$$$) stating the same thing which you can provide yourself, seems a bit redundant.
Best of luck guys. I hope all gets sorted out soon and you can start building. I have so many things to look forward to