Conveyancing Finance Approval Help for Buyers
We’ve compiled our conveyancing buyer's information for finance approval but don’t hesitate to contact us today if you’d like a fixed quote for your new conveyancing contract in Queensland. Don't overpay for conveyancing, our dedicated Brisbane based conveyancing solicitors can help you through the conveyancing process without any hidden extra costs.
Conveyancing Finance Approval Help for Buyers
- Get pre-approval. Have an idea of how much you can borrow before you sign your contract by speaking with your bank manager or mortgage broker and requesting the pre-approval of your finance application before you make an offer on a home. Be aware that even with pre-approval you still need to make your contract subject to finance approval.
- Before you sign your contract speak with a conveyancing solicitor to review the contract to ensure that your finance approval condition, dates and the length of the notice period protect your rights and importantly that your contract cannot become unconditional without your knowledge.
- In the case of any delay for the approval of your finance your Solicitor will need to request a finance extension from the Seller in writing on your behalf. To be sure you do not risk breaching the terms of the contract let your Solicitor know as soon as possible and a letter will be sent to the Seller's Solicitors. If you do not receive an extension you may be legally bound to go ahead with the purchase whereby you may lose your deposit and be sued by the Seller for breach of contract.
- You may be required by the Seller to provide a letter from your bank if your finance application is refused by the bank. If you don't do this you are at risk of forfeiting your rights to withdraw from the contract and may be forced to settle.
- If your contract is subject to finance approval you have to act reasonably and make a genuine effort to obtain finance approval.
For more information about finance approval conditions contact River City Conveyancing today on 07 3013 2300 or email your contract to reception@rivercityconveyancing.com.au along with your contact information.
Can You Lose your Deposit when Buying a New House
Posted on: 02 June, 2022
In Queensland the controversial terms of contract that allowed property Sellers to keep the deposit ..... Read more
Contract Termination
Posted on: 27 May, 2020
Can you change your mind after buying a house? If you are ready to buy residential property in..... Read more
Category: Residential, Buying, Selling
Digital Auctions
Posted on: 24 April, 2020
Conveyancing Update: The emerging digital auction market in Queensland Due to on-site and in-room au..... Read more
Category: Residential, Buying, Selling
Special Condition COVID-19
Posted on: 17 April, 2020
IMPORTANT NOTE – COVID-19 PANDEMIC: Due to the current COVID-19 Pandemic we advise that if you..... Read more
Category: Residential, Buying, Selling
Steps for Signing a Contract
Posted on: 09 April, 2020
Steps to Signing a House and Land Contract in Brisbane If you are considering a move to the sunshine..... Read more
Category: Residential, Buying, Selling
Home Insurance
Posted on: 02 January, 2020
When do you need to organise home insurance on a new house? If you have newly signed a contract for ..... Read more
Category: Residential, Buying, Selling
Stamp Duty Qld : How to Calculate Transfer Duty on Multiple Transactions
Posted on: 13 November, 2019
Combining Dutiable Transactions The transfer duty on multiple dutiable transactions must be added t..... Read more
Category: Residential, Buying, Selling
Conveyancing Finance Approval Help for Buyers
Posted on: 01 October, 2019
We’ve compiled our conveyancing buyer's information for finance approval but don’t hesitate to conta..... Read more
Category: Residential, Buying, Selling
First Home Loan Deposit Scheme
Posted on: 11 June, 2019
The First Home Loan Deposit Scheme (‘FHLDS’) was announced during the recent Federal election. The n..... Read more
Category: Residential, Buying
Buyers of Units Beware
Posted on: 08 November, 2018
COMBUSTIBLE CLADDINGOn the 1st of October 2019 the State Government amended the Building Regulation ..... Read more
Category: Residential