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  1. A

    Off the Plan Purchase Question

    They do. Just that everyone has the same building contract together.
  2. A

    Off the Plan Purchase Question

    Banks don't like it because of the counter party risk - they are not just at risk with the borrower (which they are happy with) - they are at risk with the other people in the same development. What if the builder (who is building all these units together) goes bust? What is the other borrowers...
  3. A

    Off the Plan Purchase Question

    Well, if the banks play ball :)
  4. A

    Off the Plan Purchase Question

    This is a new phenomenon called 'split contracts' where it is an OTP development but the purchaser pays in instalments instead. Banks don't like it.
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