Bank & Council Problem!!!!!!!!!!!

Viewing 4 posts - 1 through 4 (of 4 total)

gogo
Member
@gogo
Join Date: 2004
Post Count: 27
April 9, 2005 - 10:57 am
Has any come across the following problem????
I want to build two town houses and subdivide them every thing has been going well untilthe bank asked for proof of the subdivision. The council informed me that they can not aprove something that does not exist they have to be built then aproved. The bank now will not proceed until they have aproval of the subdivision
Gramyre
Member
@gramyre
Join Date: 2004
Post Count: 110
April 9, 2005 - 11:10 pm
Originally posted by gogo:
Has any come across the following problem????
I want to build two town houses and subdivide them every thing has been going well untilthe bank asked for proof of the subdivision. The council informed me that they can not aprove something that does not exist they have to be built then aproved. The bank now will not proceed until they have aproval of the subdivision
So you have sought approval from the council and received it before you started work on it? I am a bit confused as to what you are saying here. They lost your approval?
______________________
I know I can, I know I can
Visit me on my IP Journey blog http://www.ipjourney.blogspot.com
1Winner
Participant
@1winner
Join Date: 2004
Post Count: 477
April 10, 2005 - 12:53 am
Approval from the council must come before building, they approve the plans, that is what the bank wants, not the approval of the final stage of the building.
Do you have development approval? You cannot build two townhouses and then subdivide. You may never get it. If the council approved dual occupancy without subdivision, there is no guarantee you will get subdivision and you will be stuck with two houses on one title for a very long time until the building code may change.
_________________________________________
“What you want in your life occasionally shows up…
what you must have… always does.”
……….â€“ Doug Firebaugh
May God Prosper you.[biggrin]
Marc…http://www.chosen4u.com/?ace
theBuildingSurveyor
Member
@thebuildingsurveyor
Join Date: 2005
Post Count: 42
April 10, 2005 - 10:58 pm
Generally here in vic, you will obtain your planning permits first for say 2 units then build the units then subdivide whilst construction is underway. The statement of compliance, which is a document the council issues to enable a title to be issued by the titles office, is issued once all the conditions on the planning permit for the units and the plannning permit for the subdivision is satifisfied. To meet these conditions for the planning permit for the units generally the have to be completed. However it is possible to subdivide the land first then build, however this can be more time consuming.