My fiance and I have purchased a.block of land in Adelaide currently live and both work in Melbourne. The land recenetly settled in November we have a builder all ready lined up and contracts signed now waiting on the Banks approval for construction - we had pre approval already. Once approved they will then merge the two loans into one. Our bank told us on numerous occasions all they needed was two most recent payslips from our current job and the loan will be processsed. everything was going to plan and the bank knew since January last year (a full 12 months) that we intend to move into the house once built (which is in another state).
Today LMI are requesting they need letters from future employers in Adelaide and start dates or they will not accept our application. They have advised the loan won't be granted unless we supply these letters from employers in the state the house will be built. and didn't once bring up the fact that they require this until we first we heard today after the bank knowing full well for a year we intend to move into this house when construction was complete.
We have secure jobs in Melbourne. We won't move until we have jobs, and construction wont be complete for another six months anyway. Lend is 90.46%. We had pre approval and our lending manager not once mentioned this to us. Our application is sitting with their creditors pending these.letters which we can not supply because we are waiting for a construction completion date before requesting transfers or finding other work.
Any advice greatly appreciated.
Today LMI are requesting they need letters from future employers in Adelaide and start dates or they will not accept our application. They have advised the loan won't be granted unless we supply these letters from employers in the state the house will be built. and didn't once bring up the fact that they require this until we first we heard today after the bank knowing full well for a year we intend to move into this house when construction was complete.
We have secure jobs in Melbourne. We won't move until we have jobs, and construction wont be complete for another six months anyway. Lend is 90.46%. We had pre approval and our lending manager not once mentioned this to us. Our application is sitting with their creditors pending these.letters which we can not supply because we are waiting for a construction completion date before requesting transfers or finding other work.
Any advice greatly appreciated.