Hi people.
Say just an ordinary home loan app’ , is there a time frame ?
Cheers
At the moment about 10 minutes.
Last deal i did with them we had a call from their Credit dept within 8 hours saying that due to the fact they had increased their interest rates higher than the RBA official increase they had hardly received a deal and therefore was approved immediately.
Only reason we had to use Westpac was the client had a fixed rate home loan and this was an investment LOC otherwise we would have refinanced the deal elsewhere.
Richard Taylor | Australia's leading private lender
Thanks for that.
The customer is buying of us and then we can commit to what we want and so basically waiting on them and their Westpac app’ . They put it in about 5 business days ago , apparently bank said all seemed good for the laon but as yet they haven’t had any calls .
Would it be advisable for them to just ring in and see how things are progressing or would it be better to wait on the bank ?
Cheers
After 5 days definately there should be some action even if they only told him a date when the valuation was going to be undertaken.
Richard Taylor | Australia's leading private lender
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