Phase 2 – 20 weeks to settlement:
20 weeks out from your property’s settlement, we will be in touch with you to confirm your contact details and your circumstances. We will also be in touch with your conveyancer to notify them that settlement is anticipated in 20 weeks and to confirm with them who your broker will be and their contact details.
A meeting with the broker will be organised to begin the processes for finance for settlement. The broker will outline what documentation is required from you and will provide a checklist of these. It is imperative that the
required documents are compiled and sent to the broker in a timely manner to avoid any unwanted delays in getting your finance approved. This is an appropriate time to speak to the broker about any questions you may have about the process of getting finance approval.
Once the broker has received everything needed from you, they will calculate and inform you of the final strategy and will generate and provide a Funding Position worksheet.
You will receive a finance application for the chosen bank which you will need to sign. This will then be lodged with the bank by your broker.
Important; Please ensure any documentation or forms provided to you to read, sign or complete are returned as soon as possible. Any delays occurring in the process may result in a late settlement.