Step 6
Building Approval & Site Start
Your Part If you are arranging your own finance, you will need to submit the information we provide to your lender immediately, and then follow them up for your unconditional loan approval. If one of our Construction Finance Managers is helping you, they will organise all of this directly with the lender. Before we finalise everything for construction, you’ll need to provide: T he signed copy of your ‘Final Plans’ paperwork W ritten confirmation of land clearance (i.e., removal of sheds, trees, roots, etc) If any existing structures on site require demolition, we’ll need a demolition/ asbestos clearance certificate from the demolition company If self-funded, please provide evidence of available funds to pay the contract price (i.e., a bank statement) If finance is being obtained, provide a copy of the loan approval that states an amount sufficient to pay the contract price and contains the words “authority to commence construction” or “building works may commence”. Of course, if you are using one of our Construction Finance Managers, they will have already taken care of this for you.
Our Part Once the approvals for your home are received, we will: Review your file and let you know if any other documentation is needed in order for construction to start We will complete your final construction plans, incorporating all variations for your sign off We will ensure you have all the information that your lender will need to provide you with a formal loan approval. If you are utilising the services of our Construction Finance Managers, we will liaise directly with the lender for you Once we have received your signed ‘Final Plans’ and have all other required items, we will start preparing your file for construction (site start).
Payments Required
Any section 94 contributions (if required)
Any council bonds if required (usually footpath bonds)
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