I am wondering if I need the banks permission to build my DA approved seperate house on the back of my current PPOR?
I know I should however I have been told by my mortgage broker and friends who are in the finance/property business not to tell them until after the property has been built.
This is because they say I will have to jump through a million hoops and answer a million questions concerning the new dwelling and after all of this they may not give me permission to build.
I have enough equity in an offset account to build without having to apply for a bank loan.
What should we do or has anyone had any experiences similar to ours.
Thankyou for any advice.
I know I should however I have been told by my mortgage broker and friends who are in the finance/property business not to tell them until after the property has been built.
This is because they say I will have to jump through a million hoops and answer a million questions concerning the new dwelling and after all of this they may not give me permission to build.
I have enough equity in an offset account to build without having to apply for a bank loan.
What should we do or has anyone had any experiences similar to ours.
Thankyou for any advice.