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If you have found a property, signed a contract or booked
your flight to Australia to search and you don't have your pre
approval in place you are potentially leaving yourself exposed to an
expensive mistake.
Most contracts in Australia have certain time frames
for settlement and if these are not met then penalties will usually
apply. These are calculated daily so the longer you take after the
original settlement date the more costly this mistake becomes.
Also if you are buying an off plan property purchase then covering your current borrowing capacity now and applying for an off plan pre approval is recommended.
Due to the fact an off plan purchase is binding from the time the contract is signed not when the property is built, you should take the time now to make sure you know what your capacity to borrow in Australia is. This will help stop any nasty surprises when the property is complete and avoid any financial losses.
If you find yourself in any of the above situations
please complete the form below so one of our experts can contact you as
quickly as possible to help minimise any potential problems.
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