Step 9. The Waiting Game

Take a deep breath and relax, you’ve earned it. The pace slows a little now as you wait for your legal representative to get going. For the next month or so, enquiries will be made about the property. Survey and drainage will be examined, government departments will be written to, heritage orders will be inspected and council checks will be performed.

In other words, the work is (hopefully) out of your hands, but someone still had to do it. A kind vendor may grant you additional time if you are having difficulty meeting the agreed deadline but don’t count on it. The chances are that the property is also costing them money (through their own mortgage repayments or lost interest) and they are under no obligation to give you more time.

This is the time when buyers (and vendors) get an attack of the jitters. Buyers keep their fingers crossed that everything about the property will be fine and run according to schedule and the vendor is praying that the sale goes ahead and they can get their hands on some cold, hard cash.

A good way to pass the time (and raise your spirits) is to start assembling quotes from removalists and renovators, preparing a list of people that will need to be notified of your change of address and the like. You may also be granted access to the property so that you can measure up curtains, white-goods and rugs, but again, the vendor is well within their right to say ‘no’.

There’s not much left that can go wrong, but don’t go ordering that customised kitchen just yet – there’s still one step left.

What our customers say about us

Thanks for all your help and for making it so easy for me. Life will be so different now.

Jan Vincent
Montrose, VICTORIA

Thank you for your time on the phone yesterday and copying me into the below email.
I just wanted to take the time to say that I have never seen such a comprehensive email provided to clients by a Broker before. Very clear and detailed.
I hope it’s ok that I hold onto your details to refer to clients who may need assistance.
Kind Regards,

Shannon Oatley
Director & Licensed Conveyancer
Property Conveyancing Group, VICTORIA

We have found Barry Le Brocq of Melbourne Mortgage Finance to be very patient, caring and diligent in achieving a successful outcome to our refinancing requirement. We have no hesitation in recommending his services to others.

Don & Christine Perrett
Leongatha, VICTORIA

Many thanks Barry for the exceptional service that you have provided. We will most certainly be recommending you to our daughter (Bank of Melbourne branch manager) for any future customers who need a reverse mortgage loan.

Paul & Barb Spark
Somerville VICTORIA

 

LENDING UPDATE 14.06.19

  • LIVING EXPENSES ARE NOW A KEY ISSUE
  • COMPREHENSIVE CREDIT REPORTING NOW IN EFFECT
  • INVESTMENT LOANS AT OWNER-OCCUPIER INTEREST RATES
  • REVERSE MORTGAGE LOANS FOR SENIORS OVER 60
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