Hi Finance Gurus,
I'm looking to buy a new villa for PPOR in Sydney which is due for completion in Jan 2015 last week. I have 5% deposit and have preapproved loan limit of 700k with bankwest. The Villa is about 650K.
What is the best approach to secure the loan as I have heard bad stories with bank rejecting the valuation for Off the plan properties. Shall I do a bank valuation with bankwest before I get into contract with the builder?
Thanks in advance
I'm looking to buy a new villa for PPOR in Sydney which is due for completion in Jan 2015 last week. I have 5% deposit and have preapproved loan limit of 700k with bankwest. The Villa is about 650K.
What is the best approach to secure the loan as I have heard bad stories with bank rejecting the valuation for Off the plan properties. Shall I do a bank valuation with bankwest before I get into contract with the builder?
Thanks in advance