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2 weeks prior to settlement I needed to have my bank send a letter confirming exact amount of finance and the address of the property had to be on the letter. If not received by X date, vendor can pull out
btw, I'd recommend using a Qld solicitor for a Qld purchase.
Isn't this a MUST? Our Vic soli couldn't act for us during our recent Qld purchase.
If something goes wrong, you want someone who understands Qld property and contract law comprehensively.
Completely agree. Our Vic soli wasn't "allowed" to act for us in Qld. Is this only a Vic/Qld thing or an anywhere else/Qld thing?
AFAIK, there's no rule preventing interstate representation, and I actually had a Byron Bay lawyer mate offer to do a Qld purchase for me in 2003, for mates rates. But a local lawyer advised of the complications and volumes of legal reading he'd have to do if the @#@$ hit the fan.
That's very interesting. Twice now, when we've asked Victorian-based soli to represent (one a name off the title, the other a new purchase) they've simply refused. Nothing about the potential complications of Qld law. Ah well, we now have a trusted solicitor both in Qld and Vic.
The big difference between Qld and NSW is that in Qld you can pull out anytime during the pest and building inspection time if you are not happy with the report without any financial penalty and you get your initial deposit back.