Browse Forums Building A New House Re: Building at Bardia - New Breeze 1112Jul 11, 2019 7:21 pm NZ89 So, my loan got completely rejected by Heritage Bank today... Commonwealth is now on the case.....but.....according to our broker we have until next Thursday to come up with the funds or we could lose our deposit! So, of course, I'm stressed up to my eyeballs. I can't believe it's come to this. My conveyancer said the least a property has come back undervalued was $70k, ours was $197k.... @Icthys99 We went with Uniluxe's design but altered it a bit. They were very easy to deal with for alterations. Never mind Nz we're getting stuffed around by heritage as we speak! We have paid cash for our block of land,have more than enough cash/assets to pay for the house, Just not wanting to leave the piggy bank short into the future (what most fiscal responsible people would do)so wishing to borrow for half our home. The valuation was well above our expectations (considering what it owes us)yet heritage keep making us jump through hoops and putting barriers up,the broker reckons he's never seen an example of a couple with 80%equityto valuation and find it hard to get a loan through! We've always paid our debts,don't owe any bugger anything,been employed in the same job for 20 odd years! We're about on inch off telling them to hop it Re: Building at Bardia - New Breeze 1113Jul 11, 2019 9:51 pm Uh that's so annoying! What are they waiting on from you? Before they rejected us, they made us fill in the same forms like 3 times. So much backwards and forwards for nothing! Are you stage 3.1 also? Maybe just hang in there, you don't want to go through this whole process again with another bank. It's crazy though, how we have to BEG banks to do their jobs!!! We're the ones paying the interest and making them rich! RKDALD NZ89 So, my loan got completely rejected by Heritage Bank today... Commonwealth is now on the case.....but.....according to our broker we have until next Thursday to come up with the funds or we could lose our deposit! So, of course, I'm stressed up to my eyeballs. I can't believe it's come to this. My conveyancer said the least a property has come back undervalued was $70k, ours was $197k.... @Icthys99 We went with Uniluxe's design but altered it a bit. They were very easy to deal with for alterations. Never mind Nz we're getting stuffed around by heritage as we speak! We have paid cash for our block of land,have more than enough cash/assets to pay for the house, Just not wanting to leave the piggy bank short into the future (what most fiscal responsible people would do)so wishing to borrow for half our home. The valuation was well above our expectations (considering what it owes us)yet heritage keep making us jump through hoops and putting barriers up,the broker reckons he's never seen an example of a couple with 80%equityto valuation and find it hard to get a loan through! We've always paid our debts,don't owe any bugger anything,been employed in the same job for 20 odd years! We're about on inch off telling them to hop it Building in New Breeze, Stage 3 Parkside Bardia Re: Building at Bardia - New Breeze 1114Jul 12, 2019 12:37 am NZ89 Uh that's so annoying! What are they waiting on from you? Before they rejected us, they made us fill in the same forms like 3 times. So much backwards and forwards for nothing! Are you stage 3.1 also? Maybe just hang in there, you don't want to go through this whole process again with another bank. It's crazy though, how we have to BEG banks to do their jobs!!! We're the ones paying the interest and making them rich! RKDALD NZ89 So, my loan got completely rejected by Heritage Bank today... Commonwealth is now on the case.....but.....according to our broker we have until next Thursday to come up with the funds or we could lose our deposit! So, of course, I'm stressed up to my eyeballs. I can't believe it's come to this. My conveyancer said the least a property has come back undervalued was $70k, ours was $197k.... @Icthys99 We went with Uniluxe's design but altered it a bit. They were very easy to deal with for alterations. Never mind Nz we're getting stuffed around by heritage as we speak! We have paid cash for our block of land,have more than enough cash/assets to pay for the house, Just not wanting to leave the piggy bank short into the future (what most fiscal responsible people would do)so wishing to borrow for half our home. The valuation was well above our expectations (considering what it owes us)yet heritage keep making us jump through hoops and putting barriers up,the broker reckons he's never seen an example of a couple with 80%equityto valuation and find it hard to get a loan through! We've always paid our debts,don't owe any bugger anything,been employed in the same job for 20 odd years! We're about on inch off telling them to hop it Sounds familiar Nz! Making us fill in the same forms over and over, wanting our accountant to send the same information several times.Being a small town I'm starting to believe there could be some staff trying to make it difficult!!!!! Our build is well and truely under way roof and gutters went on this week. Re: Building at Bardia - New Breeze 1116Jul 23, 2019 8:47 pm GLO Good morning, Has anyone got more than 2 or more Purple Recycled Water taps on their property? Im expecting at least 2, but only have one at the moment. Your meant to only have one. I just told my plumber to add another one in the back lol. Re: Building at Bardia - New Breeze 1118Aug 03, 2019 7:22 pm Hasan Had anyone starting building? Any building updates? Hey! No, we haven't. We're lot 152. We're planning to build in 4-6 weeks. We want to start ASAP. But we're delayed 5 weeks already with getting bank approval. We have now settled. Just waiting on some more documentation from builder. How are you going? Building in New Breeze, Stage 3 Parkside Bardia Re: Building at Bardia - New Breeze 1120Aug 05, 2019 9:19 am NZ89 Hasan Had anyone starting building? Any building updates? Hey! No, we haven't. We're lot 152. We're planning to build in 4-6 weeks. We want to start ASAP. But we're delayed 5 weeks already with getting bank approval. We have now settled. Just waiting on some more documentation from builder. How are you going? 4 weeks into building, not much to show now but will have a picture next week to show lol. For reference, this is the Austlii reference. My take on this is, that they would be breaking the law denying access to a homeowner in Victoria, or their agent from having… 1 9179 Is it just a report written to give to the bank initially and it is based on what and how your payments are made up for, or is it a full service where they go out and… 2 5672 Hi Suku18 In NSW the statutory required insurances are: 1. HBCF ( Home Building Compensation Fund) - This is if the builder dies or goes broke. But this only covers 20%… 1 2752 |