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Could be, but if he can service the loan why would they not lend the money, they are throwing away alot of interest there in my opinion. Chomp

We were the succesful tenderer to build a 3m dollar house in Cottesloe subject to finance. He bought the land with an existing house to be demolished for 3.6m and the bank just revalued it 2m so looks like it will be cancelled, only found out this morning so details are a bit sketchy. This...