Our land loan was a huge drama, one where we thought we wouldn't make settlement. But in the end, Irene Cujko of Mortgage Choice, Kings Langley pulled a number of strings and CBA got it all sorted in time for settlement scheduled a couple of hours later in the day.
We were told by Serge Cujko that the construction loan would be done once we had settled on the land, and so the documentation was lodged 2 days later (Friday 9th May 2014). It is now a week on and CBA have booked in a valuation of our land for tomorrow at 11am. So we are looking at least another week before we receive formal approval and the bank can issue our ACC.
This process is so frustrating. We cannot understand why it has had to be done this way. Mortgage Choice assure us that this is the way the bank operates. Nothing can be formally approved until after land settlement and so we have to wait. Its stressful because all of our administrative requirements to Eden Brae have been fulfilled and they are waiting on the ACC. We just want to get started.
In saying that....there has been a lot of action on the estate this week. There have been 5 blocks scraped and prepared for slabs. One block has now gotten their formwork done and a slab should be laid tomorrow. It is actually quite exciting watching other blocks commence construction. It gives us the sense that it is real. After years of waiting, construction has now commenced. We just have to be patient....our turn will come :)
And we can't wait!!
No comments:
Post a Comment