Provey Conveyancing

Is your lender not ready for settlement? Stay ahead to avoid any delays.

Buyers: Sign and return your loan documents promptly, and double-check that your names match the contract.

Sellers: Submit discharge forms to the bank without delay.

Banks usually need about two weeks to process everything, so keep communication open with your lender.

If refinancing, make sure all parties are aware of lender requirements and timelines for a smooth settlement.

For more tips on preventing settlement delays, visit our blog https://www.provey.com.au/settlement-delays-why-they-happen-and-how-to-avoid-them/

For purchasers, contracts can include a building/pest inspection clause that lets you terminate if certain conditions are met, but these clauses often allow exit only for major structural defects or a major current infestation.

To gain more flexibility, consider having your legal representative draft a special condition that allows you to terminate if the inspection doesn’t meet your satisfaction, or request the vendor to address any major defects. For further information, please refer to the blog post below. If you have a question regarding your particular situation, contact us today to receive tailored advice.

https://www.provey.com.au/ways-to-terminate-contract-after-signing/

Attention buyers! Sometimes you may sign a contract subject to obtaining a loan approval, but having that clause does not mean that you can get out of the contract if you cannot obtain a loan.

There are several requirements that you need to meet for you to be able to exit the contract under this clause.

Read more in our blog:

Ways to terminate contract after signing - Provey Property Law & Conveyancing Melbourne So you've signed a contract, and now you want to get out of it, what are your options?

As part of our charity initiatives here at Provey, we have donated to the NSW and QLD Floods Appeal with Red Cross Australia.

Funds raised from the Qld and NSW Floods Appeal 2022 will help enable Australian Red Cross to provide humanitarian support to people and communities in Queensland and New South Wales affected by the 2022 floods.

If you can help, please join Provey in donating to this important cause by visiting the below link 👇

Qld and NSW Floods Appeal Communities across Qld and NSW need urgent support. Donations to the Qld and NSW Floods Appeal will help Red Cross to provide vital humanitarian support to the people and communities affected by the floods.