How does settlement occur?
Settlement occurs when you pay the remaining cost (less the deposit) and take ownership of your house.
Your lender and solicitor/conveyancer will arrange the final payment.
Settlement depends greatly on the seller, but it usually takes between 30 - 90 days from the time you put down your deposit to the settlement day.
You should organise a final property inspection before the settlement date. This is to make sure that the home is in the same condition as when you bought it, and that all fixtures and fittings that are part of the sale are there. You should consult your solicitor or conveyancer if you have any problems with the state of the home.
Plan
- How do I work out my budget?
- How much deposit do I need?
- How much can I borrow?
- What other costs are there?
- Which loan is best for me?
Purchase
- How can I apply for a home loan?
- How do I find a property?
- Who should I talk to?
- How do I buy a home?
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To apply...
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