Hi, have worked out it takes nearly three hours for an email to shareholders to arrive in my in box. Hmmmm.
I emailed a while ago to pass on problems we are having getting a mortgage from Westpac. We don't need a mortgage to buy M2 but thought we might take one for another project. Have waited six weeks and eventually had a reply from them. basically they have been unable to get any clear information about what will be on the title and, until that is clarified, they can say only they think it will be fine.
Until the surveyors have completed the Unit Title plan we do not know at this stage what easements or covenants will be included. Anything that will be included will be as required as part of the development." From solicitors
I would suspect it is likely no problem and just a regular unit title as you mentioned but if we can't get a legal opinion on it in the meantime we are a bit stuck with being able to 100% commit. From Westpac
We have heard of another unit owner who has had a definite yes from their bank but meantime owners who need mortgages should be aware it might not be cut and dried. Regds roz