I'm considering purchasing with a 30 day settlement (not negotiable due to many other buyers available). I have a number of loans with the anz at the moment and I've found the quickest they can do the loan is 45 days usually its longer. I've considered trying another lender but now it is a bit late to go looking for another lender as I would have to return contract on Monday. Besides no guarantee that the new lender would be any better.
Just wondering if anyone knows if banks have performance standards for settlement times or do they just tell you tough luck you should have gotten a 60 day settlement. If the bank took 45-60 days to settle and I lost my deposit plus costs etc etc due to the bank's extreme slowness, do you think the bank would reimburse any of my expenses?
PS I do use a broker and he does contact them to chase the loans up but they still take an age!
Just wondering if anyone knows if banks have performance standards for settlement times or do they just tell you tough luck you should have gotten a 60 day settlement. If the bank took 45-60 days to settle and I lost my deposit plus costs etc etc due to the bank's extreme slowness, do you think the bank would reimburse any of my expenses?
PS I do use a broker and he does contact them to chase the loans up but they still take an age!