From: Mike .
Hi All,
If settlement is not completed on the date as specified in the contract for sale and the fault lay with either the buyer's solicitor or mortgage broker or lender, I believe the vendor is entitled to charge interest until settlement is finalized. What recourse does the buyer have to seek reparation from the professional at fault?
Secondly, if bank valuations need to be done on multiple properties, including interstate properties, as part of the loan approval process, is 2 weeks sufficient time to get a loan approval? Bear in mind that tenants are entitled to 7 days notice in giving access (to a valuer, in this case)?
Thanks in advance, Mike
Hi All,
If settlement is not completed on the date as specified in the contract for sale and the fault lay with either the buyer's solicitor or mortgage broker or lender, I believe the vendor is entitled to charge interest until settlement is finalized. What recourse does the buyer have to seek reparation from the professional at fault?
Secondly, if bank valuations need to be done on multiple properties, including interstate properties, as part of the loan approval process, is 2 weeks sufficient time to get a loan approval? Bear in mind that tenants are entitled to 7 days notice in giving access (to a valuer, in this case)?
Thanks in advance, Mike
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