Browse Forums Building A New House Re: 5% deposit - What happens if can't get finance? 9Mar 09, 2017 8:37 pm Can't you get pre approval from the bank? Re: 5% deposit - What happens if can't get finance? 10Mar 10, 2017 12:38 am I can get pre-approval, which is what I am working on now. Thing is, I did have pre-approval with the last bank, and they said I could borrow, but only up to 70% and the valuation was pretty good but not good enough so there wasn't a shortfall. A bit more complicated as I'm living overseas. If I can get pre-approval at 80% or a more generous valuation at 70%, I'll be right. Just that time contracts are supposed to be signed and deposit paid next Friday and I don't think it'll be sorted by then. The concreter will take and reuse. In my case I bought structural LVLs and scraped them back and used them as joists. 1 5160 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? 3 57510 In NSW the maximum deposit for building work is 5% until the builder provides HBCF insurance 1 4826 |