Contracts and Solicitor's Advice

In terms of legal issues regarding our contract with our chosen builder, we have been reminded by our solicitor to ensure that the names written on the contract of sale, our ID used for the Office of the State Revenue (NSW), and the names in which we will be obtaining our bank loan has to all be the same.

Anything out of sync will be deemed problematic and may cause delays in settlement. It is for our part a requirement to check this to make the process as smooth and quick as possible. Hopefully all the names are correct and that everything works out as we are working with a quick timeline, especially with the shortened period of build.

With our May 13 pre-deadline for the full approval of the loan, we need to get this right. (Note: We require a 10% deposit on the land by the 13th of May while we need to prepare the full amount for the land price by the 13th of June.)