Friday, May 14, 2010

Loan is Conditionally Approved (again)

Got a letter from AMP Bank saying that our loan has been approved conditionally. They want us to provide them with Council Approved Plans (which PD doesn't do until just before they are starting construction) and they'll do another valuation just before the commencement of the construction & after they've received the Council Approved Plans.

Emailed my CSC about the CAPs & hopefully it will be done soon.

Got an email back from the CSC saying that they are only going to get the CAPs right before the site start date. Which means I will not be able to get the finance approved before they start building because they have to do revaluation again and have top process paperworks. Should I just change bank???

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