Wednesday, July 15, 2009

Preparing the application for the First Home Owners Grant

After completing a similar application for the Exemption of Stamp Duty, this was fairly straightforward.

As we were operating through an approved agent, RAMS, he only required the Category 1 proof of identity documents. Of course, just in case, we had certified copies for all the other categories.

For now, our lender has filed our application as he still needs from our solicitor the certified copy of the contract for the land signed by Landcom and the contract to build.

Of course, a contract to build will only happen after we receive an approval for the extension of the loan. We still have a valuation process on the tender to happen. I hope we don't have the problem we had when they valued the land for less than the purchase price!

We have 120 days to decide on the tender. As renters, we do not want to pay a mortgage on vacant land any longer than we need too.

So, we're waiting.


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