Tag Archive: pre-approval

The Finance Approval Minefield

Posted on October 2, 2008 by | 2 Comments
by Shannyn HunterConveyancer shannyn@lawyersconveyancing.com.au Lawyers Conveyancing  Anyone who has dealt with the banks for a home loan will tell you about their battle scars with pride. Simply securing finance approval can be a frustrating and baffling task. An anxious purchaser can be kept waiting for finance approval because the valuation has been delayed, the vendor has gone overseas, the valuation has been done but your documents are being processed, your broker is on leave, your call...

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Clayton’s Finance Approval (The Approval You Have When You Don’t Have Approval)

Posted on May 3, 2007 by | 0 Comments
by Tim O’Dwyer M.A., LL.B Queensland Solicitor & Consumer Advocate watchdog@argonautlegal.com.au The fax came through late one afternoon from the mortgage broker for a residential property buyer on whose behalf I was acting. “Dear Tim,” it familiarly began, “I am pleased to advise that finance has been approved, to assist with the purchase of the above-mentioned property.” The fax, which was on the broking company’s letterhead, continued that the broker (THE LOAN MARKET MULTIBANK LENDING...

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