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Banks are fair weather friends so important to realise that no matter how nice your lending or bank manager at the local branch is. They have very little or no sway if the rain clouds start to appear.

Hope for the best but plan for the worst :eek: I Always refer clients to "Grand Designs" as the projects just about always go over budget and push people to breaking point so don't be surprised if the same happens to you (if the parameters are tight).

Yea sorry for the acronyms. Its a bi product of dealing with banks. You would have to contribute another 20k to the land to be at 75% LVR. Yes, resi rates and not surprised your MB does not know as many WA brokers here wouldn't either.

25% deposit on land and you pay costs such as stamp duty etc with a conditional approval pending DA and FPBC (fixed price building contracts) being provided so valuer can do an "as if complete" valuation which is what the lender will borrow against. So 75% net of 'subdivided' end value once...

In the majority of cases, yes, but can be sourced for 75% LVR at end value.

Their is a lender in WA that will do the deal on end value via build strata. This allows you to potentially put in very little of your own funds. They did do 4 units as of 31/6/14 but have pulled back to 3 due to APRA intervention, bless em!