Browse Forums Home Finance Re: Documents required by Bank for loan 3Sep 14, 2009 11:56 pm Thanks for the info Thlo, Bugger... I was hoping someone wouldn't be saying that... I think its a bit funny that the bank needs all this stuff to process the loan but the builder needs final approval and full finance at final signing to enable the start of the build straight away... how are you supposed to have all of these documents for both the bank and the builders at the same time. Re: Documents required by Bank for loan 4Sep 17, 2009 12:10 am Actually it's not that bad. Those requirements can be settlement conditions meaning you can have unconditional approval with council approval pending. It really depends on your lender though. How much are you ahead in payments compared to where the build is at? Have you fully drawn down the loan? 5 9164 The biggest challenge will be if you take out a loan and then run out of money - you'll have an incomplete security and lenders do not like this so you can get stuck.… 2 13502 Thanks for info, yes met with Power Utility, Builder's Site Supervisor and Electrician on site and aligned on the mains connection. Seems like the builder and Electrician… 2 10027 |